Fomc Decision: Rates Steady At 5 1/4%

 Fed stands pat, says housing 'adjustment' not hurting economic growth:

The Fed's interest-rate policy committee did nothing today. Again! And housing played a part. The central bankers have kept the benchmark Fed Funds rate at 5.25% since June, after ramping it up from its cyclical low of 1% before June 2004. See this snippet of the Fed's post-meeting comments from today:

• "Economic growth appears to have been moderate during the first half of this year, despite the ongoing adjustment in the housing sector. The economy seems likely to continue to expand at a moderate pace over coming quarters."

At May's meeting, the Fed said: "Economic growth slowed in the first part of this year and the adjustment in the housing sector is ongoing. Nevertheless, the economy seems likely to expand at a moderate pace over coming quarters."

To read today's entire Fed statement, CLICK HERE

Then read takes from Eddy, Barry, and Jon.

<< My Home | TheMoneyBlogs Home

• How Housing Rescue Bill Can Help You
• Are The Financials Suddenly Cheap? Part III
• Canslim.net Morning Comment And Links (for Traders)
• Are Financials Suddenly Cheap? Part II
• Are Financials Suddenly Cheap?

• July 2008
• June 2008
• May 2008
• April 2008
• March 2008
• February 2008
• January 2008
• December 2007
• November 2007
• October 2007
• September 2007
• August 2007
• July 2007
• June 2007
• May 2007
• April 2007
• March 2007
• February 2007
• January 2007
• December 2006
• November 2006
• October 2006
• September 2006
• August 2006
• July 2006

• Millionaire Now!
• The 7 Steps to Millionaire Now!
• Build Your Financial Plan
• RETIRE RICH: Survival Guide
• ASSET ALLOCATION MODEL
• THE BIG ROLLOVER IS HERE
• THE END OF THE GRAND SUPERCYCLE?

• In The Money
• Ludwig von Mises Institute

• Trademarks Ain't So Hot, Either...
• Pto: Protecting Innovation--and Patent Lawyers' Jobs!
• Speculators Are Part Of The Market
• Hayek's Work On Business Cycles And Monetary Theory
• Inflation Deflation Red-flation Blue-flation