Parsing the Fed

Tuesday, September 20, 2005 | 09:37 PM

The WSJ:

The Sept. 20 statement announced that the Fed was raising its key short-term interest rate by one-quarter point to 3.75%, its 11th straight increase, despite uncertainty about the economic impact of Hurricane Katrina. The storm hurt near-term economic growth, which normally would call for lower interest rates. But it also has elevated inflationary pressure, which normally would call for higher rates.




Weathering the Storm
WSJ, September 20, 2005

Tuesday, September 20, 2005 | 09:37 PM | Permalink | Comments (2) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



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"But it also has elevated inflationary pressure, which normally would call for higher rates."

No fair! I claim foul! Why does he get to count food and energy and we don't? NO FAIR! *wa wa*

Posted by: Larry Nusbaum, Scottsdale | Sep 21, 2005 9:00:53 AM

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