
Wednesday, the Federal Reserve released the minutes from its 2-day meeting September 20-21, 2011. The release shows a divided Fed in disagreement about the current U.S. monetary policy. The group reached compromise for new economic stimulus, however, and maintained its commitment to accommodative interest rates. Wall Street reacted tepidly to the minutes. Mortgage rates in District of Columbia worsened slightly post-release. The Fed Minutes gets less press than the FOMC's post-meeting … [Read more...]
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