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10% unemployment

Home > Posts > Tag: 10% unemployment

While a number of Fed Governors are pounding the rate rising drum, the policy statement continues to favor low rate, easy money well into 2010

While a number of Fed Governors are pounding the rate rising drum, the policy statement continues to favor low rate, easy money well into 2010. What they would like to do is communicate an upcoming transition period. One that would produce a soft landing instead of going cold turkey. With their focus on employment and inflation, it would seem that rates will remain low until the unemployment picture stabilizes and then starts to improve.

2009-10-24T05:04:19-05:00October 24, 2009|Austin Mortgage Market|