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Interest Rates May Finally Rise—Much to Consumers’ Chagrin

  • By Kevin Roth
  • Published: 5/16/2014

Prior to last December’s meeting of the Federal Open Market Committee, the Fed was purchasing $40 billion per month in agency mortgage-backed securities and $45 billion per month in longer-term Treasury securities. The goal of the program, according to a Fed statement, was to “maintain d ...

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