Fed. Funds Rate...

troopgear · 09-16-2008, 06:11 PM

1

troopgear · 09-16-2008, 06:18 PM

Better circle the wagons on that one....... Bye Bye dollar.....

QUESTINY · 09-16-2008, 07:24 PM

Quote:

Originally Posted by troopgear

Better circle the wagons on that one....... Bye Bye dollar.....

I second that.

Zarathustra · 09-16-2008, 07:27 PM

I third that as well, wish I had more wagons at the moment

troopgear · 09-16-2008, 07:28 PM

I still Love Ya!!!

QUESTINY · 09-16-2008, 07:30 PM

Quote:

Originally Posted by troopgear

I still Love Ya!!!

Your a man after my own heart! I did see your post about the bars and your right, they are easier to cut into pieces.

troopgear · 09-16-2008, 07:33 PM

Thank-you and have fun....

QUESTINY · 09-16-2008, 07:48 PM

Fed Holds!

Here it is:

Release Date: September 16, 2008

For immediate release The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent.

Strains in financial markets have increased significantly and labor markets have weakened further. Economic growth appears to have slowed recently, partly reflecting a softening of household spending. Tight credit conditions, the ongoing housing contraction, and some slowing in export growth are likely to weigh on economic growth over the next few quarters. Over time, the substantial easing of monetary policy, combined with ongoing measures to foster market liquidity, should help to promote moderate economic growth.

Inflation has been high, spurred by the earlier increases in the prices of energy and some other commodities. The Committee expects inflation to moderate later this year and next year, but the inflation outlook remains highly uncertain.

The downside risks to growth and the upside risks to inflation are both of significant concern to the Committee. The Committee will monitor economic and financial developments carefully and will act as needed to promote sustainable economic growth and price stability.

Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; Christine M. Cumming; Elizabeth A. Duke; Richard W. Fisher; Donald L. Kohn; Randall S. Kroszner; Sandra Pianalto; Charles I. Plosser; Gary H. Stern; and Kevin M. Warsh. Ms. Cumming voted as the alternate for Timothy F. Geithner.

Fed's in a rock and hard spot - market's not gonna like it...

Zarathustra · 09-16-2008, 07:58 PM

I think they are beyond the point of being able to effectively alter the outcome.

09-16-2008, 06:11 PM	#1
troopgear Banned Join Date: Sep 2008 Location: Depends on the time of year!!! Posts: 68	Fed. Funds Rate... 1 Last edited by troopgear; 09-17-2008 at 02:43 AM.

09-16-2008, 06:18 PM	#2
troopgear Banned Join Date: Sep 2008 Location: Depends on the time of year!!! Posts: 68	Re: Fed. Funds Rate... Better circle the wagons on that one....... Bye Bye dollar.....

09-16-2008, 07:27 PM	#4
Zarathustra Avalon Senior Member Join Date: Sep 2008 Location: Eastern U.S. Posts: 429	Re: Fed. Funds Rate... I third that as well, wish I had more wagons at the moment

09-16-2008, 07:28 PM	#5
troopgear Banned Join Date: Sep 2008 Location: Depends on the time of year!!! Posts: 68	Re: Fed. Funds Rate... I still Love Ya!!!

09-16-2008, 07:33 PM	#7
troopgear Banned Join Date: Sep 2008 Location: Depends on the time of year!!! Posts: 68	Re: Fed. Funds Rate... Thank-you and have fun....

09-16-2008, 07:48 PM	#8
QUESTINY Avalon Senior Member Join Date: Sep 2008 Location: Nebraska Posts: 407	Re: Fed. Funds Rate... Fed Holds! Here it is: Release Date: September 16, 2008 For immediate release The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent. Strains in financial markets have increased significantly and labor markets have weakened further. Economic growth appears to have slowed recently, partly reflecting a softening of household spending. Tight credit conditions, the ongoing housing contraction, and some slowing in export growth are likely to weigh on economic growth over the next few quarters. Over time, the substantial easing of monetary policy, combined with ongoing measures to foster market liquidity, should help to promote moderate economic growth. Inflation has been high, spurred by the earlier increases in the prices of energy and some other commodities. The Committee expects inflation to moderate later this year and next year, but the inflation outlook remains highly uncertain. The downside risks to growth and the upside risks to inflation are both of significant concern to the Committee. The Committee will monitor economic and financial developments carefully and will act as needed to promote sustainable economic growth and price stability. Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; Christine M. Cumming; Elizabeth A. Duke; Richard W. Fisher; Donald L. Kohn; Randall S. Kroszner; Sandra Pianalto; Charles I. Plosser; Gary H. Stern; and Kevin M. Warsh. Ms. Cumming voted as the alternate for Timothy F. Geithner. Fed's in a rock and hard spot - market's not gonna like it...

09-16-2008, 07:58 PM	#9
Zarathustra Avalon Senior Member Join Date: Sep 2008 Location: Eastern U.S. Posts: 429	Re: Fed. Funds Rate... I think they are beyond the point of being able to effectively alter the outcome.