Fed Announcements Forthcoming Today
Shortly after noon today (Jan. 25), the Fed will offer details about how long it plans to keep interest rates very low, an important issue for financial companies that lend to consumers and businesses.
Access to credit is vital for the economic recovery. Low interest rates also encourage investment in stocks by reducing the returns traders can earn from many bonds, The Associated Press reported.
The Fed will also release an economic forecast later today, and Fed Chairman Ben Bernanke will take questions from reporters in his quarterly news conference.