BASICALLY, 3 more good years to buy properties at low interest rates....
http://online.wsj.com/article/SB1000...googlenews_wsj
ECONOMYJANUARY 25, 2012, 5:56 P.M. ET
Fed Expects Low Rates Through 2014
BY LUCA DI LEO, JON HILSENRATH AND TOM BARKLEY
WASHINGTON—Federal Reserve officials Wednesday said they expect short-term interest rates to stay close to zero through late 2014, longer than previously indicated, as they signaled dissatisfaction with the recovery and confidence that inflation is slowing.
The Fed's latest pronouncement, released at the end of a two-day meeting, means the central bank doesn't think it will have to move for nearly three years, roughly a year and a half longer than indicated last August.
Fed officials believe that signaling rates will stay low for a long time will push down not only short-term interest rates but also long-term rates, thus spurring ...