A Simple Explanation Of The Federal Reserve Statement (September 21, 2010 Edition)

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

Putting the FOMC statement in plain EnglishToday, in its 7th meeting of the year, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged. 

The Fed Funds Rate remains at a historical low, within a Fed's target range of 0.000-0.250 percent.

In its press release, the FOMC said that.......

 

Read the COMPLETE BLOG POST HERE:

A Simple Explanation Of The Federal Reserve Statement (September 21, 2010 Edition)

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Rainer
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Anne-marie Boyer | Del Mar Carmel Valley San Diego | GRI, ABR, REOMAC, 5-Star
San Diego's Finest Real Estate - Del Mar, CA

So, perhaps the most interesting part of the blog (once I went down to the actual blog) is that the next meeting is Nov 2-3.  That ought to be interesting.  Unfortunately the commentary won't come out until after the election.

Sep 23, 2010 05:25 PM #1
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