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Home » News » Faltering Growth May Ease Fed’s Inflation Concerns; FOMC Holds Rates, Investment Strategy Steady
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Faltering Growth May Ease Fed’s Inflation Concerns; FOMC Holds Rates, Investment Strategy Steady

May 5, 2017
With domestic economic growth stagnating in the first quarter as consumer debt levels continue to climb, the Federal Reserve Open Market Committee this week opted to leave interest rates unchanged and to maintain the status quo when it comes to its agency MBS investment strategy. The Bureau of Economic Analysis put the rate of growth in gross domestic product at 0.7 percent, versus the 2.1 percent growth seen in the fourth quarter of 2016, suggesting that the economic recovery from the Great Recession may be getting long in the tooth. At the same time, on the consumer front, a new study from Northwestern Mutual found...
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