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The Fed Did Not Raise Rates. The Economy Is Good. Confused?
Saturday, September 26, 2015 0:31
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Written by Steven Hansen
My weekend economic summaries try to put current economic events into perspective. I purposely give higher weight to the information coming from the Federal Open Market Committee (FOMC) – as they are the controllers of monetary policy. The Federal Funds Rate influences the interest rates in the USA. The FOMC says the economy is moderately expanding, yet has not raised the prime rate for years (or decades depending on how you are counting).
Source: http://econintersect.com/a/blogs/blog1.php/the-fed-did-not-raise
