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Economists forecast central bank will leave the federal funds target rate unchanged

^{Published on 2013-04-30 11:46:04 - Market Wire}
 

Economists forecast central bank will leave the federal funds target rate unchanged -- NEW YORK, April 30, 2013 /PRNewswire/ --

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NEW YORK, April 30, 2013 /PRNewswire/ -- [ RateWatch ], a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: [ TST ]) reported today that while the average 3-month CD rate this week decreased incrementally, national averages generally remained unchanged at record-low levels. The Federal Reserve has continued to keep the short-term federal funds rate at a range of zero to 0.25% since late 2008.

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The Federal Reserve expects to report a policy-making announcement on Wednesday. TheStreet's economist, Joe Deaux, states "Details from the March meeting revealed that a growing number of members were considering the idea of scaling back the Fed's purchasing programs, but a raft of soft economic data in April has led many economists to predict that members may rebuff the idea."

NATIONAL AVERAGE RESULTS - $10K

TOP RATE ISSUERS - $10K
This is a list of issuers with top interest rates.  The issuer's Financial Strength Rating isan independent, unbiased evaluation of quarterly regulatory statements. Institutions are assigned a letter grade of A-E with "A" representing the highest rating based on a review of many aspects of financial safety including capitalization, asset quality, profitability and liquidity. For more information, visit[ www.weissratings.com/help/what-our-ratings-mean.aspx ].  Information is believed to be accurate, but not guaranteed.

Financial Strength Rating: A=Excellent, B=Good, C=Fair, D=Weak, E=Very Weak 
                                        Plus sign "+" = top of range, Minus sign "-" = bottom of range

Data is surveyed weekly with averages calculated each Monday afternoon from RateWatch's unbiased national interest rate survey of over 90,000 financial institution locations across the United States.

About RateWatch
For over 20 years, RateWatch has been the premier provider of competitive interest rate and product information to financial institutions across the United States.  Consistently providing top quality, highly relevant data RateWatch maintains the largest database in the industry with deposit, loan, and fee information monitoring over 90,000 locations. Rate surveys, product comparisons, financial strength reporting, local/regional/national averages, fee reporting, specialty reports and more are available.  To learn more about RateWatch, visit [ www.rate-watch.com ].  RateWatch is a division of TheStreet, Inc.

About TheStreet

TheStreet, Inc. ([ www.t.st ]) is the leading independent digital financial media company providing business and financial news, investing ideas and analysis to personal and institutional investors worldwide.  The Company's portfolio of business and personal finance brands includes: TheStreet, RealMoney, RealMoney Pro, Stockpickr, Action Alerts PLUS, Options Profits, MainStreet and Rate-Watch. To learn more, visit [ www.thestreet.com ].  The Deal, the Company's institutional business, provides intraday coverage of mergers and acquisitions and all other changes in corporate control.  To learn more, visit [ www.thedeal.com ].

Contact:

Erin Corcoran
TheStreet, Inc.
212-321-5566
[ erin.corcoran@thestreet.com ]

SOURCE TheStreet, Inc.