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Monetary Policy

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Since the Federal Open Market Committee's last meeting on march 26, interest rates have drifted up across all maturities. The initial turn around in long-term rates occurred just before the February 1 reduction in the intended federal funds rate.

Suggested citation: “Monetary Policy,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-05, pp. 02-04, 05.01.1996.

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