Federal Reserve Building (Best Syndication News) The Open Market Committee of the Federal Reserve decided to keep the interest rates the same today, citing some strength in the economy (see the AP Videos Below). Some analysts warn that the economy is out of control and today’s decision by the FOMC proves it. The board can’t do much to stop the effects caused by higher oil prices and the credit crisis. There is some good news for the economy. “Recent information indicates that overall economic activity continues to expand, partly reflecting some firming in household spending,” the committee said in their statement. “However, labor markets have softened further and financial markets remain under considerable stress.” read more ...
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Federal Reserve Building (Best Syndication News) The Open Market Committee of the Federal Reserve decided to keep the interest rates the same today, citing some strength in the economy (see the AP Videos Below). Some analysts warn that the economy is out of control and today’s decision by the FOMC proves it. The board can’t do much to stop the effects caused by higher oil prices and the credit crisis. There is some good news for the economy. “Recent information indicates that overall economic activity continues to expand, partly reflecting some firming in household spending,” the committee said in their statement. “However, labor markets have softened further and financial markets remain under considerable stress.” read more ...