SOURCE: Informa Research Services, Inc.

Informa Research Services, Inc.

April 29, 2011 12:41 ET

Bernanke's First Quarterly Briefing: No Change in Fed Rate, Says Informa Research Services

CALABASAS, CA--(Marketwire - Apr 29, 2011) - This Wednesday, the Federal Reserve announced that it would not move its key interest rate, and thus, it would remain near zero where it has resided since December 2008, when it lowered it to 0-0.25%. Informa Research Services, a subsidiary of Informa plc (LSE: INF), advises consumers pay attention to the Fed as their decisions can affect rates associated with many popular loan and deposit products (http://www.erate.com/mortgage_rates_search.htm).

While there was no big news concerning the Fed's key interest rate, Federal Reserve Chairman Ben Bernanke made waves by holding a news conference to field questions from the press and to defend the Fed's decision. In line with a number of his previous announcements, Bernanke remained dedicated to keeping rates at a level near zero for an "extended period."

So what can consumers get out of these news conferences? In the past, the Fed's rate announcements and accompanying commentary have reflected their thoughts about the current economy and have hinted toward their future decisions. Since one of the Fed's main tools to encourage economic stability is the Federal Funds Rate, consumers may be interested to watch the Fed closely as this rate directly influences interest rates associated with adjustable rate mortgages (ARMs), credit cards, and home equity lines. Fixed rate mortgage and deposit rates are not directly linked to the Fed Funds rate; however, these rates do tend to correlate with the Fed's key interest rate.

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About Informa Research Services, Inc. (www.informars.com)

Since 1983, Informa Research Services, Inc., has provided the financial industry's most extensive array of market research, mystery shop, and decision-support information.