LendingTree Economist Predicts Stable Interest Rates

Posted: Mar 20, 2007

CHARLOTTE, N.C. – The Federal reserve will keep interest rates stable for the eixth straight meeting of the Federal Open Market Committee on Tuesday and Wednesday, predicts LendingTree Chief Economist Jim Svinth.

"Despite turbulence in the financial markets related to subprime lending, as well as a flat housing market, the economic numbers point to a continued pause by the FOMC," Svinth said.

The so-called pause in interest rates dates to last August with the federal funds rate at 5.25 percent.

"With a tight labor market, continued consumer spending and inflation numbers that are still out of the Fed's comfort zone, I believe all signs point to another meeting with no action,” Svinth said.

LendingTree provides an online market place for consumers to find financing for a variety of products

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