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Fed to decide future of interest rates

by CBS News

kens5.com

Posted on March 16, 2010 at 6:33 AM

The Federal Reserve decides the future of interest rates Tuesday afternoon.

While the Central Bank is expected to keep rates at near-zero percent, Wall Street will be looking for clues about the direction of rates later this year.

Investors will also get the latest on new home construction. The government forecasts a slight dip in February due to a string of bad weather. The report is also expected to show building permits -- a sign of builder confidence -- fell slightly last month.

Above, CBS News has the full story.

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