6/25 FOMC Statement
The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent.
Recent information indicates that overall economic activity continues to expand, partly reflecting some firming in household spending. However, labor markets have softened further and financial markets remain under considerable stress. Tight credit conditions, the ongoing housing contraction, [...]
Comments Off | Filed under: Federal Reserve, General
Posted on June 25th, 2008 by Bob Brinker


