22 Jan '12, 6am

Fed to enter tricky waters of US rate forecasts

Fed to enter tricky waters of US rate forecasts

WASHINGTON: The US Federal Reserve enters uncharted waters at its policy meeting this week as it reveals individual policymakers' views on the future path of interest rates. Fed-watchers generally expect the central bank will leave monetary policy essentially unchanged after the economy has recently shown some signs of an improving recovery from a deep recession. The Federal Open Market Committee policymakers have pledged to keep the key federal funds rate between zero and 0.25 percent through mid-2013 to support growth. The overnight interbank lending rate has been held at that historic low since December 2008. There is speculation, however, that the FOMC may decide the economy needs extra juice to keep growth humming, particularly as Europe veers back toward recession amid the eurozone sovereign debt crisis. But most analysts discounted the notion of the FOMC opting for ...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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