FED - Inalterado (fdm)
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O bush jah devia ter arquivado o velho Alan.
Foi lento demais em 2000 e continua sem pulso na economia nem para influenciar a administracao White-House-Esso-Texaco.
O velho judeu devia estar a descansar e a gastar os seus bilioes com os seus ricos netinhos.
Nao ter ido desta vez aos 50... vai dar xorissada.
Foi lento demais em 2000 e continua sem pulso na economia nem para influenciar a administracao White-House-Esso-Texaco.
O velho judeu devia estar a descansar e a gastar os seus bilioes com os seus ricos netinhos.
Nao ter ido desta vez aos 50... vai dar xorissada.
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cont
25 pontitos... vamos ter 1 pouco mais de rally nas bonds e um sellzito dos descontentes nas stocks?!
WASHINGTON (CBS.MW) -- The Federal Reserve cut its overnight interest rate by a quarter percentage point Wednesday in an effort to boost the economy and encourage a bit of inflation.
The 25 basis-point reduction in the federal funds target rate to a 45-year low of 1 percent is the 13th rate cut by the U.S. central bank since January 2001, when the fed funds rate stood at 6.50 percent.
The Fed said "a slightly more expansive monetary policy would add further support for an economy which it expects to improve over time."
Financial markets were leaning toward the expectation that there would be a more aggressive half-point cut to 0.75 percent.
One member, San Francisco Fed President Robert Parry, preferred a half-point cut.
In its statement, the Federal Open Market Committee said financial conditions were ripe for an economic recovery, but cautioned that "the economy has yet to exhibit sustainable growth."
The group said that "recent signs point to a firming in spending, markedly improved financial conditions and labor and product markets that are stabilizing."
At the same time, policymakers repeated their determination to prevent an unwelcome decline in inflation.
In the foreseeable future, the FOMC said risks were tilted toward too little growth as opposed to higher inflation.
The statement strongly implied that the Fed will keep its target rate very low for a long time. Further rate cuts are possible if economic growth stagnates or inflationary pressures ease further.
While the Fed continues to forecast an economic upturn, it remains concerned that unless growth exceeds the long-term trend for several quarters or years, inflation rates will continue to fall, perhaps leading to an "unwelcome" period of deflation.
Fed Chairman Alan Greenspan said three weeks ago that the Fed wants to create a wide "firebreak" to block deflation and would "bend over backwards" to make sure that wages and prices do not decline.
Financial markets were expecting a rate cut, but no consensus emerged about the size of the cut: 25 basis points or 50 basis points.
Those predicting a larger 50 basis point cut said the Fed had promised to be aggressive about rooting out the seeds of deflation, fearing that a weak response could backfire as it did in Japan.
Those who saw a smaller quarter point cut said the economy didn't need a large cut because conditions are already ripe for a healthy rebound later this year. They said short-term money markets could be disrupted by a drop in the fed funds rate below 1 percent.
The federal funds rate is the rate banks charge each other for overnight loans to meet the Fed's reserve requirements. By buying or selling short-term Treasury bills, the Fed manipulates short-term rates in the market, allowing banks to increase or decrease the funds available for loans.
Ultimately, the fed funds rate influences even longer-term rates, such as mortgages, corporate bonds and Treasury notes.
WASHINGTON (CBS.MW) -- The Federal Reserve cut its overnight interest rate by a quarter percentage point Wednesday in an effort to boost the economy and encourage a bit of inflation.
The 25 basis-point reduction in the federal funds target rate to a 45-year low of 1 percent is the 13th rate cut by the U.S. central bank since January 2001, when the fed funds rate stood at 6.50 percent.
The Fed said "a slightly more expansive monetary policy would add further support for an economy which it expects to improve over time."
Financial markets were leaning toward the expectation that there would be a more aggressive half-point cut to 0.75 percent.
One member, San Francisco Fed President Robert Parry, preferred a half-point cut.
In its statement, the Federal Open Market Committee said financial conditions were ripe for an economic recovery, but cautioned that "the economy has yet to exhibit sustainable growth."
The group said that "recent signs point to a firming in spending, markedly improved financial conditions and labor and product markets that are stabilizing."
At the same time, policymakers repeated their determination to prevent an unwelcome decline in inflation.
In the foreseeable future, the FOMC said risks were tilted toward too little growth as opposed to higher inflation.
The statement strongly implied that the Fed will keep its target rate very low for a long time. Further rate cuts are possible if economic growth stagnates or inflationary pressures ease further.
While the Fed continues to forecast an economic upturn, it remains concerned that unless growth exceeds the long-term trend for several quarters or years, inflation rates will continue to fall, perhaps leading to an "unwelcome" period of deflation.
Fed Chairman Alan Greenspan said three weeks ago that the Fed wants to create a wide "firebreak" to block deflation and would "bend over backwards" to make sure that wages and prices do not decline.
Financial markets were expecting a rate cut, but no consensus emerged about the size of the cut: 25 basis points or 50 basis points.
Those predicting a larger 50 basis point cut said the Fed had promised to be aggressive about rooting out the seeds of deflation, fearing that a weak response could backfire as it did in Japan.
Those who saw a smaller quarter point cut said the economy didn't need a large cut because conditions are already ripe for a healthy rebound later this year. They said short-term money markets could be disrupted by a drop in the fed funds rate below 1 percent.
The federal funds rate is the rate banks charge each other for overnight loans to meet the Fed's reserve requirements. By buying or selling short-term Treasury bills, the Fed manipulates short-term rates in the market, allowing banks to increase or decrease the funds available for loans.
Ultimately, the fed funds rate influences even longer-term rates, such as mortgages, corporate bonds and Treasury notes.
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Info
re
2:16pm 06/25/03
Fed cuts key interest rate by quarter point
The Federal Reserve on Wednesday cut its target fed funds lending rate by a quarter point, to 1.00 percent, or the lowest since 1958. The panel said the risks in the U.S. economy are still tilted toward weakness. One member dissented on the decision to cut rates by a quarter point. The Fed said "a slightly more expansive monetary policy would add further support for an economy which it expects to improve over time."
Fed cuts key interest rate by quarter point
The Federal Reserve on Wednesday cut its target fed funds lending rate by a quarter point, to 1.00 percent, or the lowest since 1958. The panel said the risks in the U.S. economy are still tilted toward weakness. One member dissented on the decision to cut rates by a quarter point. The Fed said "a slightly more expansive monetary policy would add further support for an economy which it expects to improve over time."
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Bill alteradíssimo
de alegria.
Short squeeze?
Abraços,
Short squeeze?
Abraços,
Abraço,
Dwer
There is a difference between knowing the path and walking the path
Dwer
There is a difference between knowing the path and walking the path
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- Mensagens: 3414
- Registado: 4/11/2002 23:16
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