The Federal Reserve has released the minutes from its last FOMC meeting, a 1-day affair held March 13, 2012. Mortgage rates in District of Columbia are rising on the news. For the un-indoctrinated, 3 weeks after it meets, the Federal Open Market Committee, the sub-group within the Federal Reserve that votes on U.S. monetary policy, publishes its meeting minutes. Similar to the minutes from a corporate event, or condominium association meeting, the Fed Minutes recounts the conversations … [Read more...]
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