federal funds ratefomcdepressed housing: A Simple Explanation Of The Federal Reserve Statement (March 15, 2011 Edition)
- 03/15/11 09:41 AM
Today, for the second straight meeting, the Federal Open Market Committee voted unanimously to leave the Fed Funds Rate unchanged within its target range of 0.000-0.250 percent. The vote was 10-0. In its press release, the FOMC noted that since its January 2011 meeting, the economic recovery "is on firmer footing", and that the labor markets are "improving gradually". In addition, household spending "continues to expand". Nonetheless, the Fed said, the economy remains constrained by rising commodity prices and the "depressed" housing sector. The FOMC statement also re-affirms the group's plan to keep the Fed Funds Rate near zero percent "for … (0 comments)
Today, for the second straight meeting, the Federal Open Market Committee voted unanimously to leave the Fed Funds Rate unchanged within its target range of 0.000-0.250 percent.
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