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Fed: Rates to stay ultra-low even after inflation picks up - Black News Channel

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By Martin Crutsinger AP Economics Writer WASHINGTON (AP) — The Federal Reserve announced a significant change Thursday in how it manages interest rates by saying it plans to keep rates near zero even after inflation has exceeded its 2% target level. The change means the Fed is prepared to tolerate a higher level of inflation than it generally has in the past. And it means that borrowing rates for households and businesses — for everything from auto loans and home mortgages to corporate expansion — will likely remain ultra-low for years to come. The new goal states that 'following periods […]

The post Fed: Rates to stay ultra-low even after inflation picks up appeared first on Black News Channel.

Source: Black News Channel - Black News Channel
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