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What is the Federal Reserve FOMC and what do they do? What are the economic implications of this FOMC action in terms of the following:

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What is the Federal Reserve FOMC and what do they do? What are the economic implications of this FOMC action in terms of the following: - How does this announcement affect inflation? - How does it affect bond yields? - How does it affect the stock market? Your responses should be approximately 250500 words double-spaced

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