Florida Economists Think It’s Unlikely The FED Board Will Raise Interest Rates Soon
North Palm Beach, FL - If you live in Palm Beach County and you are a betting person, you’ll like the odds on the Federal Reserve Board keeping interest rates near current levels until at least the final quarter of this year, maybe slightly longer.
Some Florida economic experts think it’s unlikely the Fed will be making a seismic policy shift anytime soon. Most economists expect the economy to lurch along slowly and fitfully for the remainder of this year and next. Unemployment is expected to remain stubbornly high for the next two years. Also North Palm Beach Home values, the other pillar of American financial security, are projected to remain flat for the foreseeable future.
Some Economists from North Palm Beach think the Fed will be reluctant to aggressively change course with monetary policy until there is obvious, sustainable improvement in these important indicators, although some tweaking is always possible.
If interest rates hover where they are, then Homes in Lost Tree Village , Marina Tower, Mariner Key, North Palm Beach Village and Old Port Cove will be nice prospective areas to buy a North Palm Beach Home.
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May 7, 2010 | Posted by
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