Fed Could Be Done Raising Rates

by Patrick Lunsford, CollectionIndustry.com

After the expected non-action on interest rates by the Federal Reserve yesterday, many economists are saying that interest rate increases may be a thing of the past, the Associated Press is reporting.

In fact, some economists are even forecasting that the next Fed move will be to cut rates, maybe as early as next spring, in response to a slowing economy and falling inflation pressures.

The federal funds rate currently stands at 5.25%, a level that has held for the past two Fed Open Market Committee meetings.

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