St Louis Mortgage and Home Mortgage Lending: Weak Recovery For Years
St Louis Mortgage and Real Estate News –
St Louis Loan Reduction and Finance News: Federal Reserve Predicts Weak Recovery For Years
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, St Louis Loan Modification
According to minutes from the Federal Reserve's November 2010 meeting, more than half of the central bank's policymakers thought it would take about five or six years for unemployment, growth and inflation to return to more normal levels.
Other Fed members warned the full economic recovery could take even longer than that. The much weaker forecast is the major reason that policymakers
decided to try and jump start growth by pumping an additional $600 billion into the economy through the purchase of long-term bonds.
That plan, known as quantitative easing (QE), has been criticized by several economists, politicians and foreign central bank officials.
The Fed now expects the economy to grow between 2.4 percent to 2.5 percent this year, compared to an earlier forecast of growth between 3.0 percent and 3.5 percent.
The Fed also trimmed its 2011 forecast to growth of between 3 percent and 3.6 percent. Its earlier estimate was for growth of 3.5 percent to 4.2 percent.
And the Fed now forecasts unemployment will only fall to between 8.9 percent to 9.1 percent in 2011, well above the 8.3 percent to 8.7 percent unemployment rate it previously predicted for 2011.
The Fed also indicated it expects unemployment to only drop to between 6.9 percent to 7.4 percent by 2013. To put that into context, the unemployment rate was 4.6 percent in 2007, the last year before the recession.
The central bank also maintained that inflation should not be a problem for the foreseeable future.
Prices for consumer goods are expected to rise a little faster than in the Fed's previous estimate, but still well less than 2 percent through at least 2012.
The Fed stated that price increases are now judged to be too low to maintain its goal of price stability, but some policymakers at the Federal Reserve have expressed concern that the steps the central bank is taking to stimulate growth could lead to higher inflation down the road.
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Articles and News Sponsored by Liberty Lending Consultants
When applying for any type of St Louis mortgage or refinancing, call Liberty Lending Consultants, the recognized St Louis home loan and refinancing experts, at (314) 336-9111 and ask for Steve Swan or Doug Stahlschmidt.
Business Owners: Call us and retain us for one of the best commercial loan modification and principal loan reduction programs available. A principal reduction or loan modification can help if you are underwater with negative equity. As commercial lending and loan modification program consultants, Floyd Tapia and his lending and legal team can focus on bringing you innovative private lending solutions to meet all types of financing needs. We have access to the largest portfolio of private lending institutions and investor backed funding sources available. Let us turn your challenges into closings (or from being underwater equity wise) and help you get a St Louis commercial lending, mortgage or financing loan.
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