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A Simple Explanation Of The Federal Reserve Statement (August 9, 2011 Edition)

August 9th, 2011 · Comments Off on A Simple Explanation Of The Federal Reserve Statement (August 9, 2011 Edition)

Tuesday, 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 7-3.

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Tags: Federal Reserve

Mortgage Rates Drop After U.S. Credit Downgrade

August 9th, 2011 · Comments Off on Mortgage Rates Drop After U.S. Credit Downgrade

Mortgage rates continue drifting downward, despite — or because of — a ratings downgrade on long-term U.S. government debt.

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Tags: The Economy