Daily Market Update 4/25/11

Rates held steady Monday ahead of this week’s Fed meeting. The Federal Open Market Committee (FOMC) of the Federal Reserve will meet on Wednesday to discuss monetary policy. Fed Chairman Ben Bernanke will hold a first-ever press conference after the meeting to discuss the Fed’s announcement. Investors will be watching closely. In economic news, New Home Sales rose 11% to 300,000 annual units, beating expectations. No other key data will be released today.

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