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fed policy announcement: Fed's Unusual Move to Announce Policy to Keeps Rates Low through 2013 - 08/09/11 03:23 PM
 
Bloomberg just announced that the Fed Open Market Committee just announced it's intentions to keep rates low for the foreseeable future through 2013 to help spur the US economy.
This is very unusual for the Fed, as they usually keep their Policy intentions under a tight lid.....go figure.
With movements in the market as they have been ever since the downgrade of the US financial rating by Standard and Poors last Friday, this is clearly an attempt by the Fed to bring more stability to the markets.
For the complete article, please click on the link provided below to directly … (0 comments)

 
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Wayne L. Brown

El Cajon, CA

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