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What came out of the FOMC Meeting Yesterday?

  1. The discount rate will remain unchanged at 0.75%.
  2. The Federal Funds Rate will remain at its range of 0.00% - 0.25%.
  3. Purchases of mortgage-backed securities will be at rate of $30 billion per month instead of $35 billion.
  4. Purchases of long-term treasuries will be at a pace of $35 billion per month rather than $40 billion.