The Federal Reserve is sticking to its vague statement, saying short-term interest rates will stay low for a ‘considerable time’ after its bond stimulus, known as quantitative easing, ended back in October. But investors will be closely watching next week’s FOMC meeting to see if the Fed removes ‘considerable time’ from its statement. Low rates have propped up the stock market, but if the Fed raises rates sooner than expected, doesn’t that mean the economy is doing better? TheStreet’s Scott Gamm speaks with Brian Rehlig, chief fixed income strategist at Wells Fargo Advisors on when the central bank will raise rates.
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