06-29-2006, 02:14 PM
|
|
Randall "Pink" Floyd
|
|
Join Date: Sep 2005
Location: Philadelphia, PA
Posts: 567
Rewards: 0
|
|
|
Fomc
CHICAGO, June 29 (Reuters) - U.S. short-term interest rate on Thursday slashed prospects for additional rate hikes by the Federal Open Market Committee after the Fed ended its June meeting by noting the potential for slower growth ahead.
The Fed raised benchmark rates by 25 basis points, as expected. Chances of another increase in August <FFQ6> fell as low as 59 percent on the news, from 81 percent shortly before the end of the FOMC meeting.
In its statement, the FOMC said that higher energy prices were helping to slow growth but that some further policy firming might still be needed to address inflation risks.
Another hike today to 5.25% as expected but some material changes in the language used. Is this it? Or do we see another one on August 8th. IMO we're not done yet....
|
Linear Mode
