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The Feds Statemens in Plain English
Bill does a great job boiling down the FED statement yesterday to just a few lines of plain English.  We wonder why the FED can't do this?  We guess then they wouldn't have "earned" their big bucks! lol  Thanks Bill!
<!-- This material is non-exclusively licensed to Bill Desautels and may not be copied, reproduced, or sold in any form whatsoever.-->The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Thursday. For the eighth consecutive meeting, the vote was nearly unanimous.
Just one FOMC member, Richmond Federal Reserve President Jeffrey Lacker, dissented in the 9-1 vote.
The Fed Funds Rate has been near zero percent since December 2008. 
In its press release, the Federal Reserve noted that the U.S. economy has been expanding "at a moderate pace" in recent months, led by growth in household spending. However, "strains in global financial markets" remain a significant threat to growth in the near-term, a remark made in reference to the Eurozone and its sovereign debt and recession issues.
The Fed's statement also included the following economic observations :
Growth in employment has been slow with unemployment elevated Inflation has been subdued, despite rising gas ... more

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