Parsing The Fed
The WSJ notes the differences between today's Fed statement and that of December's:
"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. The Jan. 31 statement announced that the Fed was keeping rates steady at 5.25%, its fifth pause in a row after 17 increases in 17 meetings. The Fed's language reflected what it sees as a pickup in the economy, but reiterated that any rate increases will depend on new data."
Click below to see the fully parsed statement:
Sources:
Federal Open Market Committee
January 31, 2007
http://www.federalreserve.gov/boarddocs/press/monetary/2007/20070131/default.htm
Fed Holds Again
PARSING THE FED
Wednesday, Jan. 31, 2007
http://online.wsj.com/public/resources/documents/info-fedparse0701.html
Wednesday, January 31, 2007 | 06:15 PM | Permalink
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Unanimous vote because the lone dissenter no longer votes.
Posted by: Uncle Jack | Jan 31, 2007 6:42:32 PM
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