Tuesday, 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 7-3 — the first time in 5 meetings that the nation's Central Bank was non-unanimous and the first time since 1992 that the FOMC adjourned with as many as three dissenters.
In its press release, the FOMC had .....
Read the COMPLETE BLOG POST HERE:
A Simple Explanation Of The Federal Reserve Statement (August 9, 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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