FOMC Statement May Signal a Pause, But Markets are Not Convinced
Filed Under (Forex technical) by on 30-04-2008
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The FOMC cuts the federal funds rate by 25bps to 2.00% as widely expected. Two members, Fisher and Plosser, voted against the rate cut, favoring no action. In the accompanying statement, the Fed described the cumulative 325bps cut as “substantial”. Also, the Fed noted that “indicators of inflation expectations have…
Original post by http://www.forex-registry.com/forex-articles and software by Elliott Back
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