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Follow on Google News | CIG: Federal Reserve seems set to keep present interest rates.0 to 0.25 seems to be the figure the Federal Open Market Committee looks set on holding to till 2010,
By: CIG LLC An announcement outlining the Fed's policy resolution is expected at around the end of the week at the end of a two-day meeting of the G20, Cig has been led to understand. Federal Reserve Bank Chairman Ben Bernanke also mentioned earlier in the month that the worst U.S. recession since the Great Depression was "very likely" over, but that the revival would be slow and job creation would be sluggish. Some factors CIG see’s the fed taking note off: There have been indications of an economic recovery in data released by the Fed since mid-August, CIG has noted. - An U.S. economy index measuring prospects grew for a 5th straight month in August to a 1-1/2 year high as stock prices surged, data from a private research group, known to CIG, The Conference Board showed on earlier this week. - Retail sales have risen 2.7% in July, the largest monthly move forward since January 2006, the Commerce Department made known to among others CIG. # # # Cig is an exclusive, members only,off shore, private equity, investment firm that provides consulting services to like minded members of the private equity and alternative investment community. End
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