New Fed Statement Has Some Positive News

By
Real Estate Agent with HomeSmart Realty West BRE #01786169

Fed Statement Summary: Fed says household spending is increasing at moderate rate, labor market stabilizing and inflation likely to be subdued for some time. The Fed is leaving rates unchanged at 0.25 and said will keep them exceptionally low for an extended period. keep in mind I am referring to the fed funds rate here which is the interest rate at which private depository institutions (mostly banks) lend balances (federal funds) at the Federal Reserve to other depository institutions, usually overnight 

 


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