March 24 2010|09.52 AM UTC


Savings and Credit, an Interest Rate Round-up

Category: News, SavingsTags: , ,

A report from the latest Federal Open Market Committee meeting notes that, “The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions… are likely to warrant exceptionally low levels of the federal funds rate for an extended period.” In other words, speculation surrounding the raising of the Fed Funds Rate has (for now) been subdued. The Federal Reserve’s schedule for closing special liquidity departments remains on track. The last remaining facility, the Term Asset-Backed Security Loans Facility, is still scheduled to be closed by week end.

This week’s interest rates from the Federal Reserve:

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