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Fed Minutes Say Next Move Could Be Higher Funds Rate
By admin | July 16, 2008
The minutes of the Federal Open Market council's (FOMC) June 24-25 meeting show that FOMC plank Members agreed upside risks to inflation had increased and generally agreed downside risks to growth had diminished. Most members trace the current 2.00% target rate was seemly but that risks to inflation may set in motion a reassessment.
Topics: Mortgage News |
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