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Fed Keeps Benchmark Interest Rate Near Zero

Posted by Michael Bang on Thursday, April 29th, 2010 at 9:53am.

The Federal Reserve voted Wednesday to keep its federal funds rate at 0 to 0.25 percent "for an extended period."
 
The central bank has said since December 2008 that economic conditions call for the benchmark rate to be held exceptionally low, and its board continues to hold true to that stance despite concerns that if the rate doesn't rise, the near-zero level will give rise to inflation
 
Fine any bank owned property for sale at www.gaforeclosure.com and take advantage of this wealth building time not seen since the late 1980's.
 
 

Michael R. Bang - Consumer Advocate & Foreclosure Specialist
CEO Georgia Forelosure, Inc.
404-545-7119 Voice
770-206-2233 Fax

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