</H1><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
Fed: Further rate hikes might be needed
#1
Posted 11 April 2007 - 01:34 PM
#2
Posted 11 April 2007 - 02:01 PM
<H1 class=storyheadline>
</H1><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
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.
#3
Posted 11 April 2007 - 02:11 PM
Edited by thespookyone, 11 April 2007 - 02:12 PM.
#4
Posted 11 April 2007 - 03:26 PM
#5
Posted 11 April 2007 - 03:32 PM
The sign of the times.They will continue to talk very tough but carry no stick.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#6
Posted 11 April 2007 - 04:02 PM
They will continue to talk very tough but carry no stick.
Jawbone while buying 50 billion dollars of treasuries over the past year.