Are record-low interest rates masking high-cost mortgage lending?

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you

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Investments / The Ticker

Ben Bernanke begins his final FOMC meeting

Market awaits news of further tapering

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According to USA Today, stocks are mostly up and projected to break a five-session skid as investors await the outcome of Federal Reserve Chairman Ben Bernanke’s last Federal Open Market Committee meeting. The paper notes:

Fed officials are expected to announce a reduction in its bond buying program by another $10 billion to $65 billion as the U.S. economy continues to improve.

Wall Street got a lift from stabilization in topsy-turvy emerging markets, where central bankers there took steps to address recent currency market volatility and head off a potential crisis.

Source: USA Today
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