Feds Hold Feds Fund Rate at 5.25% on June 28, 2007
June 28th, 2007 by John Thomas
The Feds released their statement today about their meeting over the last two days and decided to keep the Fed Funds Rate at 5.25% as everybody expected. The feds noted improvements in inflation but were skeptical that inflation may still become a problem which leaves the door open for them to raise rates later this year if need be.
I am a Delaware native who has been actively involved in the Mortgage and Finanace industries for over 10 years