Fra Noi Embrace Your Inner Italian
It was at the December meeting that the Federal Reserve finally came out and set a target for how long it will keep interest low, and how long it will continue to buy mortgage bonds. The Fed said it will continue to buy bonds until the unemployment rate hits 6.5 percent, as long as the inflation rate does not go above 2.5 percent. (The Fed top for inflation was previously 2 percent.) The Fed went on to say it will keep short-term rates low until 2015, extending the deadline for an additional year. Buying mortgage bond in the open market …
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