To infinity, and beyond!

Fed may say it will stay lower for longer, the Journal reported overnight.

Hard to see this having a big impact, if and when it comes, but the fact that the Fed is willing to signal years of near-zero rates should be some indication of how sluggish the recovery remains.

The soft capital goods orders component of the durable goods report this morning argues for less robust Q4 GDP than had been forecast, in line with the Fed’s policy stance…