Fed Unlikely to Change Interest Rates

The Federal Reserve is widely expected to leave the federal-funds rate unchanged at 2 percent when it meets Tuesday.In the wake of the Lehman Brothers bankruptcy announcement, some analysts are predicting that there might be a rate cut, but most observers say the Fed has resisted responding to recent market turmoil with rate cuts and is most likely to continue that policy.The U.S. economy expanded at a healthy 3.3 percent annual rate in the second quarter, but many are expecting economic growth to slow to a crawl by the end of the year.

Source: The Wall Street Journal, Sudeep Reddy (09/15/08)

This article is from Realtor Magazine Online edition Daily Real Estate News for 9/15/08