Federal Reserve Meeting: Interest Rate Winners And Losers
This post by Jill Schlesinger originally appeared on CBS' MoneyWatch.com.
While Goldman Sachs CEO Lloyd Blankfein gets grilled this morning, another meeting is taking place that has far greater implications on your life. The Federal Open Market Committee convenes a two-day confab about interest rates.
It's expected that rates will remain at rock-bottom levels, but maybe the FOMC will start changing the accompanying statement to indicate that it will be shifting monetary policy in the not-too-distant future. I spoke to CBS3 in Philadelphia about the winners and losers of the current interest rate environment.
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