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GREENSPAN"S TEXT

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GREENSPAN"S TEXT

por Visitante » 20/7/2004 19:54

[b]Greenspan's text, as reflected in wire headlines, states says competition is containing prices, that some inflation factors, like energy prices, appear transitory, but he also credits stronger demand with some of the rise.

He calls the expansion increasingly self-sustaining.

The Fed anticipates measured rate hikes, but till respond as needed, that hikes will be less gradual if the economy seems "prepared."

There is a good bit of "vigilance" commentary in the headlines. Note, it is sometimes the case that wire headlines initially give a skewed impression of the text.

Fonte: www.gftforex.com
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