FOMC Rate Decision

By IBTimes Staff Reporter | August 10 2010 2:25 PM

The Federal Open Market Committee announced Tuesday after a one day meeting that it left the benchmark interest rates unchanged at a record low between 0.00% and 0.25%.

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The Fed resurrected their old monetary easing programs since the FOMC statement announced that the Committee will continue to roll over the Federal Reserve holdings of treasury securities. In addition, the Fed will reinvest Mortgage-Backed securities earnings in long term treasury securities.

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