This congress, credit unions might see some reg relief. Might.
Credit union friendly bills advance on Capitol Hill as lawmakers prepare for Easter break.
Fed Open Market Committee could raise that possibility if rates move down again in December.
As the day approached when the Federal Reserve was poised to raise or lower certain key rates, investors were likely wondering whether they would get the chance to bump up their savings.
FOMC continues rate at between zero and .25% and securities purchases at $85 billion per month.
Fed keeps funds rate where they are, exceptionally low; Bankrate economist sees home equity opportunities.
FOMC maintains low levels for federal funds rate at 0% to .25%.
The Federal Reserve’s Open Market Committee announced Wednesday it will keep the target range for the federal funds rate at 0% to 0.25%.
Senate Banking Committee is expected to hold a hearing on Carla Decker’s nomination to the NCUA Board on Nov. 17, industry sources said.
Open Market Committee takes no other action to stimulate the economy, but "is prepared."