Fed seen on hold as outlook uncertain ยป financialsurfer.com

Fed seen on hold as outlook uncertain

November 1st, 2009 | Category: Industry News
By Kristina Cooke NEW YORK (Reuters) - The U.S. economy may have turned a corner after the deepest recession in some 70 years, but Federal Reserve policymakers appear to be in no rush to raise interest rates. The Fed is widely expected to keep its benchmark interest rate where it has been since December — near zero — when it meets this week. With underlying inflation pressures actually decreasing and most Fed officials expecting the recovery…

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