Putting the FOMC statement in plain EnglishWednesday, the Federal Reserve's Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent.

The Fed Funds Rate has been near zero percent since December 2008.

For the third consecutive month, the Fed Funds Rate vote was nearly unanimous. Just one FOMC member dissented in the 9-1 vote, objecting only to the language used in the Fed's official statement.

In its press release, the Federal Reserve noted that the the U.S. economy has "expanding moderately" since its last meeting in December 2011, adding that the growth is occurring despite "slowing in global growth" -- a reference to ongoing economic uncertainty within the Eurozone.

The Federal Reserve expects moderate economic…

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Murphy Realty Group ended 2011 with an increase of over 65% in sales volume, a larger increase than any other company in Ulster County, keeping us the “Fastest Growing Real Estate Firm in Ulster County”.

Increasingly, buyers are going online to look for property. As circulation continues to decline for print media like newspapers and magazines, the internet has become the go-to place for potential home buyers to browse through listings. In fact, the latest study by the National Association of Realtors® revealed that more than 90% of home buyers started their search for properties online. Murphy Realty Group puts your home in front of more potential buyers on the internet than any other Ulster County…

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