Posted by Zoe Mair under Mortgage Consultant on January 25 2011, No Comments »

Tags: Meeting, Meeting Minutes

The Federal Open Market Committee (FOMC) finished their 2 day meeting and issued their report yesterday afternoon. As expected, the message was very similar to what it has been over the last year, and as expected the Fed Funds Rate (the rate they charge their best customers, the big banks) will continue at 0-.25%. The biggest change was an acknowledgement that commodity prices have run up, fueling inflation concerns. Despite this, the Fed maintains that inflation is still “trending downward” and is expected to remain low, and their primary concern continues to be the high unemployment rate. Alt

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