Yesterday the Federal Open Market Committee, otherwise known as the FOMC or FED released its minutes for the March 13, 2012 FOMC meeting. These minutes outline the meeting and are typically released 3 weeks post meeting. During FOMC meetings, member discuss the state of the economy based on their most recent available data and vote on [...]
Tag Archive | "Federal Open Market Committee"
The FOMC (Federal Open Market Committee) or FED concluded its one day meeting on Tuesday where it chose to leave the overnight funds rate (the rate at which banks lend money to each other) at a range of 0.00% to 0.25%, for the fourth straight month. Key Takeaways From the Fed About Current Conditions Labor [...]
Last week saw mortgage rates waiver, with most movement being sideways, which was a bit of a surprise. Many market watchers expected positive positive employment data and a resolution to the Greek Debt debacle to cause mortgage rates to rise significantly, which did not occur. Last week saw the Labor Department release the monthly Employment [...]