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Entries Tagged as 'Federal Reserve'

Explaining Last Weeks Fed Actions

February 2nd, 2009 · Comments Off on Explaining Last Weeks Fed Actions

The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged last week.  It remained within a target range of 0.000-0.250 percent. In its press release, the FOMC reiterated most of the key points from its December 2008 statement, including: The U.S. employment outlook continues to deteriorate Consumers and businesses continue to cut […]

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Tags: Economy · Federal Reserve · Real Estate

The Federal Reserve Explained in Plain English

December 26th, 2008 · Comments Off on The Federal Reserve Explained in Plain English

The Federal Open Market Committee voted to cut the Fed Funds Rate by at least three-quarters percent on Decmber 16, 2008.  The benchmark rate now rests in a range of 0.000-0.250 percent. In its press release, the FOMC identified three key economic sectors in which activity has weakened since October. The FOMC noted that: The U.S. job market […]

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Tags: Economy · Federal Reserve

Unemployment & Housing Affordability Both Increase

December 9th, 2008 · Comments Off on Unemployment & Housing Affordability Both Increase

According to the government, American businesses are cutting staff at an accelerated pace, most recently paring 533,000 jobs this past November. It’s the largest one-month decline since December 1974 and raises the year-to-date job losses to 1.9 million workers. However, there is a silver lining in the data for all Americans — both employed and […]

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Tags: Economy · Federal Reserve · Real Estate

Will the Fed Affect the Market Today?

October 29th, 2008 · Comments Off on Will the Fed Affect the Market Today?

The Federal Open Market Committee adjourns from its scheduled 2-day meeting today at 2:15 P.M. ET and the markets are eagerly awaiting the central bank’s press release. In it, Fed Chairman Ben Bernanke is expected to address the U.S. economy, the future of credit, and the new Fed Funds Rate. It’s this last point to which mortgage […]

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Tags: Economy · Federal Reserve

The Impact of Last Week’s Fed Cut

October 14th, 2008 · Comments Off on The Impact of Last Week’s Fed Cut

The Federal Reserve made an “emergency rate cut” last week, dropping the Fed Funds Rate by one half-percent to 1.500 percent. The move is meant to stimulate the U.S. economy. When the Federal Reserve changes the Fed Funds Rate, it often takes 9 months for the changes to work their way through the economy.  On […]

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Tags: Economy · Federal Reserve

Who Do You Think Knows Where the Economy Goes?

July 15th, 2008 · Comments Off on Who Do You Think Knows Where the Economy Goes?

“Economic uncertainty” is turning into a 2008 buzzword and there’s a lot of good reasons why. On the one hand, there are precursors to inflation in the economy: Rising oil costs Rising food prices Higher Cost of Living On the other hand, there are precursors to recession in the economy, too: Mounting job losses Less […]

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Tags: Economy · Federal Reserve · Real Estate

Making English Out of Fed Speak

June 26th, 2008 · 4 Comments

The Federal Open Market Committee left the Fed Funds Rate unchanged at 2.000 percent yesterday afternoon, as expected.  In its press release, the Federal Reserve noted the co-existence of inflation and recession.  On inflation, the Fed said that energy and food prices are contributing to an “elevated state” of inflation, but that it expects price […]

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Tags: Economy · Federal Reserve