Released: November 04, 2009

Fed likely to keep key interest rate at record low

Source: Associated Press (MSNBC.com)

Faced with lurking dangers to the budding recovery, Federal Reserve policymakers are sure to leave a key interest rate at a record low to entice Americans to spend more and help the economic turnaround gain traction.

The economy started to grow again last quarter for the first time in more than a year, although there are uncertainties about the strength and staying power of the recovery, especially after government supports are removed.

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Keywords

Interest Rates, Housing, Home Equity, Mortgages