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Home > Industry News > Rates 'not set to move'
Rates 'not set to move'
6/19/2008 5:29:17 PM
Bruce Parker

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Interest rates should not move up or down next week, according to a new poll conducted by the Triangle Business Journal (TBJ).

Americans, many of whom are in debt and struggling with the current economic conditions in the US, appear to want the Federal Reserve Bank to keep the rate at two percent.

The website's poll reveals that 60 percent of people want the Fed to keep things as they are, while 20 per cent want a further cut. The same amount again would like interest rates to move up again, which some economists say will help counteract inflation.

As well as collecting opinions on what the Fed's next move will be, TBJ allowed readers to leave comments on the current financial situation in America.

One anonymous respondent, who perhaps strikes a chord with a number of people in the country, said: "Either keep them the same or lower them. With as much debt as everyone carries, this is what really cuts into the disposable income."

They added that this has an effect on all sectors of the economy, including gas and grocery affordability.

Jeannine Aversa, the Associated Press' economics writer, believes that it is more than likely there will not be no change in the interest rate next week.
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