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The Federal Reserve Explained in Plain English

December 26th, 2008 · Comments Off on The Federal Reserve Explained in Plain English

The Federal Open Market Committee voted to cut the Fed Funds Rate by at least three-quarters percent on Decmber 16, 2008.  The benchmark rate now rests in a range of 0.000-0.250 percent. In its press release, the FOMC identified three key economic sectors in which activity has weakened since October. The FOMC noted that: The U.S. job market […]

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Tags: Economy · Federal Reserve