The Latest Federal Reserve Release in Plain English 3.0

The Latest Federal Reserve Release in Plain English 3.0

Annnnnnd we’re back with another Federal Open Market Committee (FOMC) release broken down into common English for you. Doesn’t it seem like it was yesterday when I was breaking down the last release for you all? Did you miss me and my feeble attempts to drive some humor into the FOMC release? I’m sure you recall the Wayne’s World references from last time, right? At any rate, the Fed met again this week to discuss the current state of the economy. It’s a lot of the same stuff from last time, but important nonetheless.

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Quicken Loans Market Update

Grecian Financial Troubles Continue to Impact U.S. Markets – Market Update

Greece is in the hot seat again, as negotiations between the European country and its private creditors have come to a halt. According to reports, Greece’s leading political forces missed responding to a deadline that would enforce demands for harsher measures to be implemented. Wall Street is growing familiar with financial woes abroad, thus mortgage-backed securities are up slightly again this morning. Up next in this week’s economic release schedule is today’s 1 p.m. auction of $32 billion in 3-year notes.

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