Fed bogey may change

Research work done by economists at IMF as well as work done by Goldman Sachs economist Jan Hatzius are beginning to suggest that the Federal Reserve may be planning to change the threshold for its Zero Interest Rate Policy (ZIRP) from their original 6.5% unemployment rate and 2.5% inflation rate to perhaps a lower rate of unemployment such as 6.0% to even 5.5% rate.

Role of Investors in Housing Recovery

Many of the data points related to the housing market have been improving and are signaling the long awaited recovery. One of them the existing home sales which account for the bulk of the market has topped year-ago levels for 20 months in a row and existing home prices have bested year-ago levels for 12 consecutive months.

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