The Fed voted last week to keep the Federal Funds rate at its target level of 0- to 25- basis points citing limited concerns with inflationary pressures as dictated in this week's releases of the Producer and Consumer Price Indexes. The Fed noted that while economic conditions continue to improve, the need for lower rates is still necessary to help combat a still staggering Unemployment Rate of nearly 10%.
Other news, Gordon Financial Group, Inc. now has a foosball table at its Federal Way office. Stop by anytime to talk business while playing table top soccer. And don't worry, we still have our putting green!
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It was very informative....
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