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This week was again a light week in economic news
Wednesday - as expected the Federal Reserve Open Market Committee (FOMC) met and decided to raise the short term rate “Fed Funds Rate” by 0.25%, to 1.75% from 1.5%. You might ask “Why are they raising the rate?” And the answer is, the Federal Reserve uses interest...
Economic news this week: Not much! After a week of mild economic news, it leaves rates flat this week.
Tuesday: The February Consumer Price Index (CPI) was up 0.2% and the core rate was up 0.2% - which is bland news. Wednesday: February Retail Sales were DOWN 0.1% - and without auto they were up 0.2% (auto sales pulled them down, in other words). February Producer...
