Economy - Wednesday (Investor's Business Daily)

[riky]

Economy - Wednesday
    (Investor's Business Daily)

 

Investor's Business Daily - The Fed should keep its key interest rate at 2% until mid-'09 and then raise them rapidly to 4% by year-end to keep inflation expectations under control, the Organization for Economic Co-operation and Development said. OECD assumes the European Central Bank will keep its rate at 4% over the next 18 months. The Bank of Japan should wait for mid-'09 and a clear exit from deflation before raising its rates from 0.5%, OECD said in its twice-year Economic Outlook.


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