5 replies to this topic

[zedor]

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<H1 class=storyheadline>But, at last meeting, policy-makers also said uncertainty about growth and inflation meant it should stop saying that rate increases were the sole option.</H1>April 11 2007: 2:13 PM EDTWASHINGTON (Reuters) -- The Federal Reserve said further interest rate hikes might be necessary to combat inflation, but that greater uncertainty about growth and inflation meant it should drop reference solely to the chance of more rises, minutes of its March meeting released Wednesday show.

"The Committee agreed that further policy firming might prove necessary to foster lower inflation," minutes of the policy-setting Federal Open Market Committee's March 20-21 meeting said.

"But in the light of increased uncertainty about the outlook for both growth and inflation, the Committee also agreed that the statement should no longer cite only the possibility of further firming," the Fed said.

The Fed believed that weaker-than-expected economic indicators and "uncomfortably high" readings on inflation suggested greater risks of slower economic growth as well as greater uncertainty that core inflation would recede as expected

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[Islander]

<H1 class=storyheadline>

<H1 class=storyheadline>But, at last meeting, policy-makers also said uncertainty about growth and inflation meant it should stop saying that rate increases were the sole option.</H1>April 11 2007: 2:13 PM EDTWASHINGTON (Reuters) -- The Federal Reserve said further interest rate hikes might be necessary to combat inflation, but that greater uncertainty about growth and inflation meant it should drop reference solely to the chance of more rises, minutes of its March meeting released Wednesday show.

"The Committee agreed that further policy firming might prove necessary to foster lower inflation," minutes of the policy-setting Federal Open Market Committee's March 20-21 meeting said.

"But in the light of increased uncertainty about the outlook for both growth and inflation, the Committee also agreed that the statement should no longer cite only the possibility of further firming," the Fed said.

The Fed believed that weaker-than-expected economic indicators and "uncomfortably high" readings on inflation suggested greater risks of slower economic growth as well as greater uncertainty that core inflation would recede as expected

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The Fed is the Greek Chorus in the American Tradegy - particularly the tradegy of the hedges who shoot first and think second. I do not think we are in for a major correction and I an still long and waiting. Islander.

[thespookyone]

The minutes mererly took the lipstick off the pig. The spin that was put on the last Fed meeting by the media,and brokerages -was nothing less than unconsionable. The simple truth, shown again today, is that the Fed is NOT doveish-period. Especially when they are doing the speaking themselves,lol.

Edited by thespookyone, 11 April 2007 - 02:12 PM.

[Cirrus]

They will continue to talk very tough but carry no stick.

[fib_1618]

They will continue to talk very tough but carry no stick.

The sign of the times.

Fib

[Data]

They will continue to talk very tough but carry no stick.

Jawbone while buying 50 billion dollars of treasuries over the past year.