Eagles,
The Fed just finished their meeting, and released an announcement.
There is NO change in the Fed Funds or Discount Interest rates. Currently the Fed funds is set at 0 to 1/4 percent interest rate.
The Fed does see that overall market conditions are improving, however, they do see that our current low interest rates will need to remain for some time, and inflation should remain subdued for some time.
The Fed will remain in the markets, buying agency securities, this includes Mortgage Securities to help keep our interest rates low as well.
Overall, nothing shocking in this report - markets seem to be holding while deciphering each word of the announcement.
Chuck
Fed completes it's two day meeting
0 comments • Chuck Cornwell • June 24 2009 08:46PMComments
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