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Banks Win, Savers Lose As Fed Keeps Rates At “Exceptionally Low Levels”

June 23, 2010 By Bill Zielinski Leave a Comment

June 23, 2010 – As expected, the Federal Reserve left interest rates unchanged at the end of a two day policy meeting.  Citing financial turmoil in Europe and restrained economic growth at home, the Federal Open Market Committee (FOMC) voted to maintain the Fed funds rate near zero.  The Fed funds rate has now been […]

Filed Under: Banking News, Financial regulation, Interest Rates Tagged With: Fed slams savers to save banks, zero interest rates to continue

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