Parsing the Fed Statement

Tuesday, August 08, 2006 | 04:23 PM

The WSJ reported that "THE FED'S STATEMENTS reflect how the members of the central bank's Federal Open Market Committee perceive the economy. The Aug. 8 statement announced that the Fed was keeping rates steady at 5.25%, its first pause after 17 increases in 17 meetings."

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The Fed is betting slower economic growth will ease currently high rates of inflation. In its statement, though, it also took out a reference to productivity gains' chilling effect on price levels.


Pressing Pause
WSJ, Tuesday, Aug. 8, 2006

Tuesday, August 08, 2006 | 04:23 PM | Permalink | Comments (4) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



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... and that would be because the data no longer suggests that.

Posted by: Mark | Aug 8, 2006 4:31:20 PM

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