{"id":3845,"date":"2012-10-26T12:13:38","date_gmt":"2012-10-26T12:13:38","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=3845"},"modified":"2012-10-26T12:13:38","modified_gmt":"2012-10-26T12:13:38","slug":"federal-reserve-vows-to-keep-rates-low","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/federal-reserve-vows-to-keep-rates-low\/","title":{"rendered":"Federal Reserve vows to keep Rates Low"},"content":{"rendered":"

Federal Reserve vows to keep Rates Low.<\/h2>\n
\"Federal<\/a>

Federal Reserve vows to keep Rates Low<\/p><\/div>\n

The Federal Reserve<\/strong> acknowledged Wednesday that segments of the economy are looking up, particularly housing and household spending. However, the Fed said it will continue to press forward with its stimulus campaign \u2014 which includes a move that is lowering mortgage rates \u2014 until the economy shows more growth.<\/p>\n

At its latest meeting, the\u00a0Federal Reserve<\/em> renewed its vow to keep rates near zero until mid-2015. It will also continue to buy $40 billion in mortgage-backed debt each month, a program known as \u201cQE3,\u201d which has helped to push mortgage rates into record-low territory in recent weeks.<\/p>\n

“The committee remains concerned that, without sufficient policy accommodation, economic growth might not be strong enough to generate sustained improvement in labor market conditions,” the Fed said in a statement.<\/p>\n

The\u00a0Federal Reserve<\/span> said that unemployment still remains high at 7.8 percent, the \u201cfiscal cliff\u201d looms at the end of the year, the global economy is struggling, and the U.S. gross domestic product grew at an annual rate of only 1.3 percent in the second quarter.<\/p>\n

Source: \u201cFed Pledges to Maintain Stimulus<\/a>,\u201d The New York Times (Oct. 24, 2012)
\n<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Federal Reserve vows to keep Rates Low. The Federal Reserve acknowledged Wednesday that segments of the economy are looking up, particularly housing and household spending. However, the Fed said it will continue to press forward with its stimulus campaign \u2014 which includes a move that is lowering mortgage rates \u2014 until the economy shows more … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-3845","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nFederal Reserve vows to keep Rates Low - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"description\" content=\"Federal Reserve vows to keep Rates Low. 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