FOMC's Coin Toss

[24/7 Wall St.]

24/7 Wall St. Daily News

Today we saw the FOMC decision on rates, but the focus was more on the statements and wording than the unchanged Fed Funds Rate of 2.00% and a Discount Rate of 2.25%. Downside risks remain but have diminished, but upside risks to inflation have increased. It did note that they do expect inflation to moderate later this year. The Fed also noted that uncertainty over inflation outlook is high. The Fed also noted that economic activity has expended and downside risks to the economy remain but are diminished. This is despite noting a softer labor market with tight credit, a... http://feeds.feedburner.com/~f/typepad/RyNm?i=mV5InI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=mV5InI) http://feeds.feedburner.com/~f/typepad/RyNm?i=Uy1BLI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=Uy1BLI) http://feeds.feedburner.com/~f/typepad/RyNm?i=VBgSji</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=VBgSji)


complete story here... (http://www.247wallst.com/2008/06/fomcs-coin-toss.html)