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FOMC Statement: Fed Holds Steady on Rates

According to statement issued at the conclusion of today’s Federal Open Market Committee meeting, committee members decided against raising the target federal funds rate. Mixed economic conditions, slower economic growth in the 4th quarter and low inflation contributed to the decision against raising rates. The target federal funds rate was raised in December to a range of 0.25 to 1.59 percent after remaining at 0.00 to 0.25 percent for several years. While rising fed rates were expected to cause a hike in mortgage rates, mortgage rates fell after December’s rate hike.

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Right to Write

We recently decided to get involved with a project that intrigued an employee here at The Law Office of David R Rocheford Jr. Amber brought Right-To-Write information to Attorney Rocheford and he immediately saw the need and understood the mission.  Their story is...

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