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Federal Reserve On Hold – 370 Days and Counting
It has now been slightly more than one year since the Federal Reserve last changed monetary policy. On June 29, 2006, the Fed pushed its key short-term interest rate target-that of the federal funds rate–from 5.00% to 5.25%.
Prescribing a Crisis in Manufacturing Jobs to Cure Inflation31,000 manufacturing jobs were lost in April and May and if the big banks like CIBC get their way, another 200,000 are to come.
