Federal Reserve Board

The Federal Reserve Board once again held interest rates teady, extending a nearly year long period of stability. This has had positives for savers and borrowers.the interest rate remained unchanged at 5.25 percent where it has been since June. Their decision means that commercial banks' prime lending rate - for certain credit cards, home equity lines of credit and other loans stays at 8.25 percent. through two yeaars of rate increases, borrowers had suffered due to this. This should help them regain their footing by paying down or consolidating debt. Predictable rates can help with investment decisions.