The Federal Reserve has decided to keep the benchmark Fed Funds Target Rate at a range of 0.00 - 0.25%. They also decided yesterday to keep the Discount Rate at 0.75%. They stated, "Labor market conditions have improved further; the unemployment rate has declined notably in recent months but remains elevated. Strains in global financial markets have eased, though they continue to pose significant downside risks to the economic outlook."
Home loan rates will continue to be at historical lows. However, the bad news is that those on fixed incomes who depend on deposit interest income are negatively impacted.
