FOMC Holds Federal Funds Rate Steady |
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FOMC Holds Federal Funds Rate Steady The Fed held the federal funds rate steady at 2.00% today, September 16, after three dramatic market moving events on September 15 -- Lehman Brother’s bankruptcy, the sale of Merrill Lynch, and the shaky status of AIG. It was a unanimous vote to hold the funds rate unchanged, in stark comparison to prior meetings in 2008 which always included a dissent. The fact that the Fed widened the range of securities considered eligible for borrowing at the fund
Filed under: Fundamental
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