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A Simple Explanation Of The Federal Reserve Statement (June 22, 2011 Edition)

June 22nd, 2011 · Comments Off on A Simple Explanation Of The Federal Reserve Statement (June 22, 2011 Edition)

Wednesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. The vote was 10-0 — the fourth straight unanimous vote for the nation’s Central Bank.

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Tags: Federal Reserve

Existing Homes Sales Slip In May

June 22nd, 2011 · Comments Off on Existing Homes Sales Slip In May

Home resales slipped 4 percent in May, falling below the 5,000,000-unit mark on a seasonally-adjusted, annualized basis for the first time since February.

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Tags: Housing Analysis