Fed holds steady

The US Fed with only one dissenting vote has voted to keep the Federal funds interest rate at 5.25 %. It sees inflation under control with the prospects for further declines in the rate as energy prices fall. the slowdown in housing starts down 19 % since last yaer at this time was another big factor in the decision.I don't expect rates to rise any time soon. Indeed they may well be coming down in near future decisions.