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CPI Data Brings Rates Up
17 July 2008The Consumer Price Index (CPI) for June was posted showing a higher than expected level of inflationary pressure for American consumers. Rates will increase at least .375 to price as a result. The report also brings new speculation on whether or not the FOMC will increase rates at their next meeting.
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Senator Dodd: Fannie and Freddie are Stable
11 July 2008Stocks were down sharply this morning over concerns about the stability of Fannie Mae and Freddie Mac, bonds were up. However much of the selling on the stock market was halted when Senator Dodd made a statement at 2pm today, reassuring that no government intervention would be necessary and that Fannie and Freddie, the two [...]