News Alert: Fed says it is unlikely to raise key interest rate until late 2014, extending timeframe

	Wednesday, January 25, 2012 12:43:50 PM NEWS ALERT Fed says it is unlikely to raise key interest rate until late 2014, extending timeframe The Federal Reserve says it is unlikely to raise interest rates before late 2014, extending a period of record-low rates by more than a year. The Fed says it is keeping rates low to help lift a weak but modestly growing economy. The new timeframe hints at details in the Fed's quarterly economic forecast, which will be released later. That will show in what year policy members expect the first increase in the Fed's benchmark interest rate. The Fed has kept its key interest rate at a record low near zero for three years. Read more at: http://www.washingtonpost.com/business/economy/feds-forecast-on-interest-rates-expected-to-hint-at-no-increase-before-2014/2012/01/25/gIQALBtZPQ_story.html Or visit washingtonpost.com. SEND TO A FRIEND UNSUBSCRIBE E-MAIL CENTER GET HELP Washington Post Digital E-mail Customer Care 1150 15th Street NW Washington, D.C. 20071 ©2011 The Washington Post Privacy Policy