Markets - Market News
Fed Economic Projections: Slow Growth, Stay the Course on Policy Tightening
Wednesday, December 12, 2012
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A majority of the Federal Open Market Committee continues to view 2015 as the appropriate time to tighten monetary policy, and believes the country will be well on the road to recovery by then, according to the Fed's latest summary of economic projections released Wednesday.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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