Fed stays the same!

Good news... the Federal Reserve has decided to keep interest rates the same.

That is good for us as consumers because that means that the Fed is trying to weather through all of the chaos so far and seeing which way the economy will go. I'm still seeing indications that it will head south in the next two years, and that is being matched by the slow bleed in the housing numbers and somewhat stagnant wages.

The post-Holiday economy should give us an indication as to how bad things will get. The early layoff announcements from two years ago should start to trickle in by that time. If I'm right, the Fed will stop being concerned about inflation shortly thereafter and you'll hear people talking about actually DROPPING the rates again.

But right now keeping the rates the same is the safest move for the Fed.