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No surprise from the Fed
Posted on 10/25/2006 12:39 PM | Link | Post Comment
As expected, there was little surprise from the FOMC in their announcement today.
The Fed held rates at 5.25%. Other comments included:
The Fed held rates at 5.25%. Other comments included:
- Fed says inflation pressures likely to moderate over time
- Says economy likely to expand at moderate pace
- Says core inflation has been elevated
- Says economy reflects 'cooling' housing market
The 10-year yield is down a bit more to 4.80%. Stocks bounced in their initial reaciton.
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