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Simple Explanation Of The August 12, 2009 Federal Reserve Statement

August 13th, 2009 · Comments Off on Simple Explanation Of The August 12, 2009 Federal Reserve Statement

The Federal Open Market Committee voted to leave the Fed Funds Rate within its target range of 0.000-0.250 percent. It also reiterated plans to support the mortgage market to the tune of $1.5 trillion. In its press release, the FOMC noted that the U.S. economy isĀ “leveling off” and that financial markets continue to improve. The […]

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Tags: Economy · Federal Reserve · Mortgage Lending · Real Estate