Fed Keeps Rate Unchanged

Author: K.Meadows  December 16, 2009

From the AP:

WASHINGTON (AP) — The Federal Reserve has decided to hold interest rates at a record low and pledged to keep them there for an “extended period” to keep the recovery going and drive down double-digit unemployment.

But in a more upbeat assessment, the Fed says the economy has “continued to pick up” and that “deterioration in the labor market is abating,” a nod to the recent slowdown in the pace of layoffs.

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To celebrate rates being so low, why not get yourself a WETKEYS keyboard and mouse for the holidays? You will be putting money back into the economy and be getting a product designed to keep you healthy. It’s a win win!