The Fed held rates unchanged today at 5.25%, as was widely expected. Bulls were hoping that they would go to a ’neutral’ bias, or at least explicitly acknowledge that they see the risks in the credit market and will act accordingly.But alas, the Fed is almost always behind the curve. They don’t usually react until well after they should. In this light, the Fed maintained its tightening bias today, stating that its "predominant policy concern remains the risk that inflation will fail to moderate".They did offer investors one very small nugget, in sayi[...]
Read More...
[Source: The Money Blogs]
No comments:
Post a Comment