February 5, 2012

Hidden Burden of Low Interest Rates

Philips & Campbell, BusinessWeek

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The Federal Reserve, which cut its target for the federal funds rate to a zero-to-0.25 percent range on Dec. 16, 2008, said last month that rates would remain “exceptionally low” at least through late 2014. While the unprecedented period of near-zero rates is meant to aid an ailing economy, it poses challenges for banks, insurers, pension funds, and savers.

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TAGGED: interest rates, Dakin Campbell, Matthew Philips

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