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A Simple Explanation Of The Federal Reserve Statement (November 3, 2010 Edition)

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

 

Putting the FOMC statement in plain EnglishToday, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged within in its target range of 0.000-0.250 percent.

In its press release, the FOMC noted that, since September's meeting, the pace of economic and job growth "continues to be slow".  Housing starts are "depressed", income growth is........

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A Simple Explanation Of The Federal Reserve Statement (November 3, 2010 Edition)

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