Fed Announces Rate Hike


In a statement, the Fed explained its actions: “In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the federal funds rate to 3/4 to one percent. The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a sustained return to two percent inflation.”

Read the source article at National Mortgage Professional Magazine

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Tami L Barber

NMLS #1030737

(423) 943-9269

Encore Lending Group LLC

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206 Wesley St, Johnson City TN 37601

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