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A Simple Explanation Of The Federal Reserve Statement (January 27, 2010 Edition)

By
Mortgage and Lending with Chris Brown | Certified Mortgage Planners NMLS 303797

The Federal Open Market Committee voted to leave the Fed Funds Rate within its target range of 0.000-0.250 percent.

In its press release, the FOMC noted that the U.S. economy “has continued to strengthen”, that the jobs markets is getting better, and that financial markets are supportive of growth.

There was no mention of the housing market's strength.  The last 3 statements from the Fed included that specific verbiage.

It’s the fifth straight statement in which the Fed spoke about the economy with optimism.  This should signal to markets that 2008-2009 recession is over and that economic growth is returning to U.S. economy.

The economy isn’t without threats, however, and the Fed identified several in its press release, including:....

Read the COMPLETE BLOG POST HERE:

A Simple Explanation Of The Federal Reserve Statement (January 27, 2010 Edition)

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Chris is Florida's #1 FHA Mortgage Broker and a syndicated mortgage blogger. He is regular contributor to the three leading industry blog-fronts including The Mortgage Chili Blog, My FHA Mortgage Blog, Top of Mind Networks, the newest contributor to Lenderama and recently featured on Fox35 News.

Chris can be found at
Orlando FHA Loans,
Chris[at]OrlandoMortgagePro[dot]com,
or by calling 407.377.0500 x 210

Comments(1)

Kate Bourland
Marketing with Kate - Redding, CA
Onlilne Marketing Mobile Marketing

What bothers me about the Feds statements is that there is no mention of jobs.  It seems that we have bought into the thought process that if the stockmarket is doing well that the economy is strengthing.  The strong stock market is based on foreign markets, not domestic.  Until we get job creation there is no recovery.  The fact that they left interest rates at 0.000 simply means that the banks continue to have a silent bail out  through access to extremely low cost of overnight rates.  We are not through this yet and we missed a major opportunity to deal with banks.  Still nervous on this end!

Jan 27, 2010 06:45 PM