Tuesday, August 3, 2010

Why are rates staying low?

It's no coincidence that rates are saying low?  Why?  Comments like yesterday are helping:

One point that stuck out in yesterday's speech from Fed Chairman Ben Bernanke was that the Fed must avoid raising interest rates too soon and urged the government to proceed cautiously in cutting spending and raising taxes.  Treasury Secretary Timothy Geithner also spoke yesterday, saying that it is still a "tough economy" for most Americans and that the unemployment rate will most likely tick up before moving lower.

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