Marlene Bass

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Please see below some key information about The Federal Reserve Open Market Committee Meeting.


Federal Reserve Open Market Committee Meeting from this past Wednesday - Highlights

The Federal Reserve had their latest Open Market Committee meeting this week
And here is what you need to know:

· Economy has been expanding moderately in recent months
· Housing sector has shown improvement
· Growth in Household Spending has been moderate
· Business investment and net exports to foreign countries has stayed soft
· The labor market has continued to improve, with solid job gains/declining unemployment
· Inflation continues to run below the Committee's longer-run objective
· Current target rate of 0% to. 25% for The Federal Funds Rate remains appropriate

When The Federal Reserve decides to begin to raise rates, they will take a balanced approach consistent with its longer-term goals of maximum employment and inflation in the range of 2.0% to 2.5%.