Munis Firmer as FOMC Holds Fed Funds Rate

Scarchilli, Michael; Posner, Matthew
August 2006
Bond Buyer;8/9/2006, Vol. 358 Issue 32441, p2
Trade Publication
This article presents information on the decision of the U.S. Federal Open Market Committee (FOMC), policy making arm of the U.S. Federal Reserve Board, not to hike the federal funds rate. As a result of the decision, the tax-exempt market witnessed a firm standing on August 8, 2006. It was the first time since June 2004 that the FOMC put a break on its string of rate increases.


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