Board-Ansicht
Mix-Ansicht- The “Federal Open Mouth Committee” speaks - Das_Orakel_aus_Oberlahnstein, 13.08.2003, 10:15
The “Federal Open Mouth Committee” speaks
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Fed Speak, Again
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After sending the bond market into a tailspin after its last meeting it was pretty clear what the Fed would say and wouldn’t say after today’s meeting.
They sure didn’t surprise anyone. (...) However, you had to know that they would say that concerns for disinflation outweighed any chance for price increases.
<font color=red>That’s really the only thing they could say unless they wanted to see the bond market completely collapse.</font>
Another thing of note was that the Fed stayed away from commenting on economic growth,
and with the economic data being so mixed its difficult for us to think that the economy has made the turn yet.
Corporate profits are still the catalyst that has yet to give basis for an economic rebound.
Granted, profits showed some improvement this last quarter over the previous quarter, <font color=red>on a pro-forma basis</font>,
but no CEO’s and CFO’s had much of a rosy outlook for the near future.
And we still need to get through the always-interesting month of October.
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Grüße aus LA
<ul> ~ Financialsense-Artikel</ul>
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