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When is the next Fed meeting?

March 10, 2008

The next Federal Open Market Committee [FOMC] meeting is Tuesday March 18, 2008.  The futures market is expecting the feds cut rate to be 2.25% after the -.75bp cut rate expected on Tuesday.  The FOMC meetings have an ELEVATED impact on mortgage bonds and mortgage rates.  The lower federal funds rate stimulates the economy, which can cause inflation the arch enemy of Mortgage Bonds.

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