Tuesday, August 09, 2005

FOMC Meeting Results in an Increase in the Federal Funds Rate

As expected, the Federal Open Market committee (FOMC) raised the federal funds rate by 25 basis points to 3.5% in their meeting today. They believe that their monetary policy is accommodative and "coupled with robust underlying growth in productivity, is providing ongoing support to economic activity." They mention that despite high energy prices, aggregate spending appears to be strong while labor market conditions are continuing to improve. As a result of the increase, they expect price volatility to remain contained and mention that policy accommodation can be removed "at a pace that is likely to be measured."

Sorry I haven't been updating lately. I will try to make a prudent update every day however, I can't guarantee it. As long as there are interesting events happening, it should not be a problem from this end, unless I get too busy with work.

4 Comments:

Blogger eddyflynn69858338 said...

i thought your blog was cool and i think you may like this cool Website. now just Click Here

2:50 PM  
Anonymous Lose weight now said...

Bloggin for info on weight loss and Alvidar, came across your blog...good info, you might find mine of interest ##keyword ##http://www.mailbag.ws/alvidar.htm weight loss,

11:51 PM  
Blogger eddyfisher3726546027 said...

I read over your blog, and i found it inquisitive, you may find My Blog interesting. So please Click Here To Read My Blog

http://pennystockinvestment.blogspot.com

11:09 PM  
Blogger edmorgan90790500 said...

Get any Desired College Degree, In less then 2 weeks.

Call this number now 24 hours a day 7 days a week (413) 208-3069

Get these Degrees NOW!!!

"BA", "BSc", "MA", "MSc", "MBA", "PHD",

Get everything within 2 weeks.
100% verifiable, this is a real deal

Act now you owe it to your future.

(413) 208-3069 call now 24 hours a day, 7 days a week.

1:01 PM  

Post a Comment

<< Home