August 5, 2008 | Posted by Jorge The FOMC leaves rates unchanged today as most investors expected. Couple of things to note include current levels of inflation and the continued weakness of the credit markets. In short, the Fed could not do anything without shattering one thing or another. Here’s a link to the release.
The Federal Open Market Committee decided today to [...]
June 25, 2008 | Posted by Jorge FOMC leaves federal funds rate unchanged this afternoon. Here’s a copy of their statement. I’m not in a good mood so don’t expect anything until I cool off. Sorry.
June 23, 2008 | Posted by Jorge This week should promise to be full of excitement as the FOMC meets Tuesday and Wednesday to decide the fate of the U.S. economy. Well perhaps not the fate, but they will decide on new interest rate policy. At this point, any further rate cuts will probably signal financial suicide, so expect the FOMC not [...]
Categories: FOMC, Financial Website, Futures | 
Tags: Economic Calendar, FOMC, Futures | 
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April 30, 2008 | Posted by Jorge The FOMC this afternoon cut the Federal Funds Rate and the Discount Rate by 25 basis points to 2.00% The following is the text of the FOMC announcement.
Categories: FOMC | Tags: Discount Rate, Features, Federal Funds Rate, FOMC | Comments
April 30, 2008 | Posted by Jorge The FOMC met yesterday and this morning regarding the state of the economy. The markets are currently pricing in an 80% chance of a 25 basis point cut. So far, the markets are up about 100 points prior to the announcement in approximately 60 minutes. Personally, I hope the Fed decides to hold firm and [...]
Categories: FOMC, Market Pulse | Tags: FOMC, Rate Cuts | Comments