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FOMC Meeting Begins on Tuesday – Market Update

by Victoria Araj on June 20, 2011 in Market Update

Treasuries and mortgage-backed security prices are opening higher this morning after the EU failed to agree on terms of additional aid to Greece to help them avoid defaulting on their debt. Some of the key economic reports this week include May new home sales and the May durable goods report. The headline report for the week will be the FOMC meeting that begins on Tuesday and the resulting policy statement and press conference on Wednesday.

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Tags: Economic Reports EU Fed Federal Open Market Committee Federal Open Market Committee Minutes FOMC Meeting Greek Aid Greek Debt May Durable Goods Report May New Home Sales Report Mortgage Bonds New Home Sales Quicken Loans Treasury

About Victoria Araj

From mortgage banking to PR and more, Victoria’s 7+ years at Quicken Loans comes in handy when writing cool stories. Before QL, she worked with and for notable national and state politicians. With degrees from MSU and U of M, her allegiance to the Mitten State is indisputable. She loves decorating, photography, the Red Wings, cruising in her G6 (the car), and most importantly, hanging out with family and friends.

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