Expect Low Interest Rates to Last

Credit: Federalreserve.gov

After its final two days of meetings ahead of the election, the Federal Reserve indicated no plans to raise interest rates. Near-zero rates could last for years---possibly until 2023---as the Fed allows more time for the economy and labor market to heal. To further stabilize the economy, the Fed will continue to increase its holdings of Treasury securities and agency mortgage-backed securities to sustain smooth market functioning and help foster financial conditions that support the flow of credit to households and businesses.