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Making English Out of Fed Speak

June 26th, 2008 · 4 Comments

The Federal Open Market Committee left the Fed Funds Rate unchanged at 2.000 percent yesterday afternoon, as expected.  In its press release, the Federal Reserve noted the co-existence of inflation and recession.  On inflation, the Fed said that energy and food prices are contributing to an “elevated state” of inflation, but that it expects price […]

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Tags: Economy · Federal Reserve