The survey consensus was for no increase to slight increase in interest rates for 2012. Nothing dramatic. Very muted. There's no sense that the economy will turn gangbusters. At best, the economy will show modest gains in 2012.
The Federal Reserve's policy of low interest rates allows the government to borrow money at little cost. But analysts predict it's just a matter of time before interest rates shoot back up.
Tomorrow the Federal Reserve Bank will let all 17 members of its committee publicly reveal they think will happen to interest rates in the coming months and years. Will this be good news for nervous markets?