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Breaking Down The Federal Reserve’s April 29, 2009 Press Release Into Language Anyone Can Understand
Wed, 04/29/2009 - 21:56This afternoon, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within a target range of 0.000-0.250 percent. This was expected so no surprises there. What wasn't expected was the Federal Reserve's relative optimism in its press release.
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Breaking Down The Federal Reserve's April 29, 2009 Press Release Into Language Anyone Can Understand
Wed, 04/29/2009 - 21:56This afternoon, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within a target range of 0.000-0.250 percent. This was expected so no surprises there. What wasn't expected was the Federal Reserve's relative optimism in its press release. For homebuyers in places like...
Read the full post at http://www.themortgagereports.com
What Is The Federal Open Market Committee And How Does It Change Mortgage Rates?
Wed, 04/29/2009 - 15:33Mortgage rates are notoriously volatile when the Federal Open Market Committee meets and today is such a day. Today's meeting is one of 8 scheduled FOMC meetings this year. The Federal Open Market Committee is a rotating, 12-member sub-group within the Federal Reserve that debates about financial...
Read the full post at http://www.themortgagereports.com