Fed Seen Holding Interest Rates Steady

[NVMojo]

WASHINGTON (AP) -

The Federal Reserve is expected to keep its finger on the interest-rate pause button, giving borrowers more time to catch their breath and savers a chance to lock in some respectable rates.

After two-plus years of rate pain, borrowers finally got a reprieve in August when Fed Chairman Ben Bernanke and his colleagues decided to halt a campaign that produced the longest stretch of interest rate increases in recent history.

Many economists are predicting the central bank will again hold an important rate steady at 5.25 percent when it meets Wednesday. That would mean commercial banks' prime interest rate - for certain credit cards, home equity lines of credit and other loans - would stay at 8.25 percent.

"Households with debt can breathe a little easier as the Fed holds interest rates steady," said Greg McBride, senior financial analyst for Bankrate.com. "If you've been feeling the squeeze from higher home equity payments, credit card payments and other variable-rate debt, the Fed's pause is a chance to catch up."

more...

http://www.lasvegassun.com/sunbin/stories/invest-corp/2006/sep/19/091907561.html

[TexasLawyer]

1. E-L-E-C-T-I-O-N-S

Then let the real pain begin.

[NVMojo]

2. you got it! And then all hell will break loose ....the bubble will be in

full pop status.