Wednesday, May 09, 2007

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2:15 pm : "As expected, the Federal Reserve left the fed funds rate unchanged at 5.25% for a seventh straight time. With respect to the accompanying policy directive, there has been little change to the wording from the last statement but the Fed has asserted that "core inflation remains somewhat elevated."" The 10-year note is down to a 4.64% yield. market update

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