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02 November 2016 FOMC Meeting Statement: Federal Funds Rate Was Not Changed.

Wednesday, November 2, 2016 11:30
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Econintersect: The Federal Open Market Committee (FOMC) – the board of directors of the Federal Reserve again did NOT adjust the federal funds rate. There was dissent as two members believed the federal funds rate should have been increased. A summary of how the members viewed the economy:

…. household spending has been rising moderately but business fixed investment has remained soft. Inflation has increased somewhat ...

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