•

    Fed Statement 10/8/08

    Joint Statement by Central Banks Throughout the current financial crisis, central banks have engaged in continuous close consultation and have cooperated in unprecedented joint actions such as the provision of liquidity to reduce strains in financial markets. Inflationary pressures have started to moderate in a number of countries, partly reflecting a marked decline in energy

    By |Published On: October 8, 2008|2 min read|
  •

    FOMC Statement 9/16/08

    Release Date: September 16, 2008 The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent. Strains in financial markets have increased significantly and labor markets have weakened further. Economic growth appears to have slowed recently, partly reflecting a softening of household spending. Tight credit conditions, the

    By |Published On: September 16, 2008|1 min read|
  •

    Could an Interest Rate Cut be on the Horizon?

    Surprised by the headline? You should be. Very few people are giving it any consideration, but I believe with a near certainty that if we break through 1200 on the S&P we’ll get one, maybe even later this month when Benny and his gang of board governors meet again. How do I know this? I

    By |Published On: September 13, 2008|2 min read|
  •

    FOMC Statement

    Press Release Release Date: August 5, 2008 The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent. Economic activity expanded in the second quarter, partly reflecting growth in consumer spending and exports. However, labor markets have softened further and financial markets remain under considerable stress. Tight

    By |Published On: August 5, 2008|1 min read|