Finding yield in a zero interest rate world isn’t easy. Finding growth and income can be even more difficult. In their 2010 outlook Goldman Sachs said the bull market was …
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Information received since the Federal Open Market Committee met in January suggests that economic activity has continued to strengthen and that the labor market is stabilizing. Household spending is expanding at a moderate rate but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit.
When the Federal Open Market Committee (FOMC) meets (today), self-described “inflation hawk” Dr. William F. Ford, Weatherford chair of finance professor at Middle Tennessee State University and a former president of the Federal Reserve Bank of Atlanta, isn’t expecting any uptick in the benchmark federal funds rate from the current 0.25% level. In fact, he is resigned to the likelihood that the Federal Reserve Board will keep rates artificially low for the foreseeable future.
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