Despite recent rumblings that it might raise interest rates this year, the Federal Open Market Committee appears content to keep rates at historic lows "for some time."
The Federal Open Market Committee is part of the Federal Reserve Board of Governors and sets the federal funds rate, which can have a dramatic effect on interest rates nationwide. The FOMC just released its minutes for the Jan. 27 meeting, where it unanimously decided to keep the federal funds rate at or near zero for the foreseeable…
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