18
Mar

Explaining what the Federal Reserve did in plain English: March 18, 2009

The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged today, within the target range of 0.000-0.250 percent.  This doesn’t mean the Fed stood pat, however.  On plan to resurrect the economy using “all available tools”, today, the Fed announced a new, $1.5 trillion round of fiscal support for the treasury and [...]

17
Mar

The Federal Reserve is meeting and what it means to your mortgage rate.

The Federal Open Market Committee begins a scheduled, 2-day meeting today to discuss the country’s monetary policy.  As is custom, the group will issue a press release to the markets upon adjournment.  There are 8 scheduled FOMC get-togethers annually and the post-meeting press releases are among the most powerful market-moving events of the year.  It’s not the [...]