Like the economy itself, the Federal Reserve seems to be locked in a holding pattern.
With mixed signs of an economy in recovery, find out why the Fed left interest rates unchanged.
The Federal Reserve Open Market Committee today elected to leave rates unchanged and hold off on new quantitative easing, or QE, measures for now. The key federal funds rate, which determines the rate at which banks lend their balances at the Fed to one another, will remain near zero through late 2014. The federal funds
“We don’t know where the economy is going”
The sky is falling. Or, at least, the sky in bond-land may be falling. Or maybe not — but according to Paul Farrell at Marketwatch.com, if you ask the Oracle of Omaha, Warren Buffett, or economist Marc Faber, now is not the time to be bullish on bonds. In “Sell bonds now, Fed’s QE2 is