Wednesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent.
The vote was 10-0 -- the fourth straight unanimous vote for the nation's Central Bank.
In its press release, the FOMC said that the economy is recovering, although "somewhat more slowly" than what was expected. Labor markets have been weaker than anticipated and the Fed believes that is, in part, a result of higher food and energy costs, and....
Read the COMPLETE BLOG POST HERE:
A Simple Explanation Of The Federal Reserve Statement (June 22, 2011 Edition)
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Chris is a Team Leader at Certified Mortgage Planners. He's a published author, frequent contributor to local Fox News affiliate & recently voted as a Top 40 Mortgage Professional Under 40 by NMPM.
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