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08/16/09
Fed says economy leveling out; rates stay at lows
Filed under: General, Business, Real Estate, Mortgages, Finance
Posted by: Lillian Wong @ 12:13 pm

The Federal Reserve delivered a vote of confidence in the economy Wednesday, saying it would slow the pace of an emergency rescue program and indicating the recession appears to be ending.

 

The central bank also held interest rates steady at record lows, with a closely watched bank lending rate near zero, and again pledged to keep them there for “an extended period” to nurture an anticipated recovery.  more…



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