Benchmark Interest Rates Staying Near Zero- Until Crappy Economy Improves

(Washington, DC) — Benchmark interest rates will stay near zero. The Federal Reserve made the announcement after a policy meeting, saying it’ll remain there until conditions in the labor market improve. The target range for the federal funds rate will remain between zero and one-quarter percent. Expect interest rates to rise next year. The Federal Reserve made the announcement after a policy meeting, saying officials see as many as three rate hikes coming in 2022. Benchmark interest rates will stay near zero for now until conditions in the labor market improve and also while inflation continues to rise. Meantime, the Fed also said monthly asset purchases are being reduced. Fed Leaves Interest Rates Unchanged For Now