A Simple Explanation Of The Federal Reserve Statement (August 9, 2011 Edition)

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

 

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

The vote was 7-3 — the first time in 5 meetings that the nation's Central Bank was non-unanimous and the first time since 1992 that the FOMC adjourned with as many as three dissenters.

In its press release, the FOMC had .....

 

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A Simple Explanation Of The Federal Reserve Statement (August 9, 2011 Edition)

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