CoreComm Internet

Features

Make this your home page

Fed keeps rates low, but brace for the inevitable

WASHINGTON (AP) — Record-low interest rates will be around for at least a few more months, the Federal Reserve made clear Wednesday. Enjoy the easy money while it lasts. By mid-2015, economists expect the Fed to abandon a nearly 6-year-old policy of keeping short-term rates at record lows. Those rates have helped support the economy, cheered the stock market and shrunk mortgage rates. A Fed rate increase could potentially reverse those trends. Mortgages could cost more. So could car get...

Read More
 

----------
Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

CoreComm is not responsible for content on external sites. Please review the privacy and security policies of each vendor before making online purchases or providing personal information. Forecast Information Provided by Weather Underground