Oct 28
Responses to FOMC Decision on the Fed Fund Rate As expected, the FOMC maintained its Fed Fund Rate at 3.75%-4.00%. Market responses after the announcement at 2:00 PM EDT were as follows: S&P 500 was virtually unchanged Yield on 10 year Treasuries increased slightly. Conversely, the price on long term Treasuries dropped slightly. The U.S. […]
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