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First Trust - Fed Funds Rate Commentary

Posted by Gabriel Burczyk | CEO

May 6, 2010

First Trust sees the Fed raising the Fed Funds rate during the third quarter of 2010, finishing the year at 0.75%. They were surprised that the Fed did not raise rates after the April meeting, given the strength of the economy. However, First Trust believes the Fed is gaining confidence in the economy as showed through minor changes in the Fed’s meeting notes.

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First Trust