PARSING THE FED

Tuesday, January 31, 2006 | 03:18 PM

The online WSJ writes:

THE FED'S STATEMENTS reflect how the members of the central bank's Federal Open Market Committee perceive the economy. The slightest changes are scrutinized for clues about where interest rates may be headed. With Greenspan stepping down and Bernanke set to replace him, January's statement will be read particularly closely.

The Jan. 31 statement announced that the Fed was raising its key short-term interest rate by one-quarter point to 4.5%, its 14th increase in a row. In a sign that rate increases may be nearing an end, the Fed also removed the word "measured," which had come to signal steady quarter-point increases ahead. Below is a look at differences between the January statement and the December one.

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Click for larger graphic
Infofedparse0601

courtesy of WSJ

 

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Source:
PARSING THE FED
One More for the Road
WSJ, Jan. 31, 2006
http://online.wsj.com/documents/info-fedparse0601.html

Tuesday, January 31, 2006 | 03:18 PM | Permalink | Comments (3) | TrackBack (0)
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Comments

So we are left where we were a month ago -- waiting to see what the data shows.

So does this increase the odds that this will be another example of overshooting?

Posted by: spencer | Jan 31, 2006 3:21:49 PM

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