Economic Trends
Filling you in on the current state of the economy.
Featured Article
- Another Steady Rate Decision
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- On August 5, 2008, the Federal Open Market Committee (FOMC) voted to keep its target for the federal funds rate at 2%. The committee’s statement noted that tight credit conditions, the ongoing housing contraction, and elevated energy prices are likely to weigh on economic growth over the next few quarters. However, it added that upside risks to inflation are also of significant concern. Read more
