Friday, December 12, 2008

What's Next for Interest rates

What's Next for Interest Rates?

Lower rates seem likely in December as all recent indicators point to more troubled economic times. The Federal Reserve has already slashed its target rate down to 1 percent, without having done much to bolster lender confidence. Many analysts are estimating that the unemployment rate will continue to rise and this holiday season will likely produce lackluster spending results. The forecast for December interest rates is looking rather frosty!


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