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Ryan Broughton

Federal Open Market Committee Update

Thursday, September 22, 2011 - Article by: Ryan Broughton - Eagle Home Mortgage - Message

The Federal Open Market Committee (FOMC) concluded its two day meeting today with a 7-3 vote to leave the Fed Funds Rate (the rate at which lending institutions lend to each other) unchanged within its current target range of 0.00%-0.25%. This Fed press release sheds some light on the FOMC's current observations of the market and how it will be adjusting its activities moving forward. READ MORE

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