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Federal Reserve optimistic about the economic recovery.

By
Real Estate Agent with Rodeo Realty - Beverly Hills

As recently as two months ago, the Federal Reserve sounded optimistic about the economic recovery. The Fed said Tuesday that it would spend a relatively small amount of money -- about $10 billion a month, economists estimate -- buying government debt. The move is designed to drive interest rates on mortgages and corporate borrowing at least a little lower and help the economy grow faster.

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