The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2%.Here are some of their comments:Strains in financial markets have increased significantly and labor markets have weakened further. Economic growth appears to have slowed recently, partly reflecting a softening of household spending. Tight credit conditions, the ongoing housing contraction, and some slowing in export growth are likely to weigh on economic growth over the next few quarters. Over time, the substantial eas[...]
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[Source: The Money Blogs]
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