Markets see borrowing costs staying at record lows for about three more years.
By Liz Capo McCormick and Susanne Walker, Bloomberg|September 10, 2012 at 05:19 AM
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Just six months ago, money market traders expected the Federal Reserve to raise interest rates by the end of 2013. Now, they see borrowing costs staying at record lows for about three more years as the economic outlook worsens.
The Insurance Institute for Business & Home Safety examined building policies in 18 Atlantic and Gulf Coast states and found that despite the increasing severity of natural disasters, many of those states have relaxed their approach to codes — or have yet to impose any whatsoever.