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Doing Nothing!

October 26, 2006

That’s what the Federal Reserve Board is doing.  Nothing!  That is the good news.  The Federal Reserve Board met yesterday and for the 3rd consecutive meeting they decided to leave the federal funds rate at 5.25 percent.  Previously the Federal Reserve had raised the rate 17 consecutive times.  The rate has remained at it’s current level since June. 

Although real estate markets have been soft and declining in many areas throughout the country,  we are seeing improvement here is Sarasota .  The Fed, by doing nothing, is doing good.

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