Steady Feddy?
The Federal Reserve is expected to hold its target rate at 2 percent. The major indices are up this morning and in a short while, we shall if the Fed meets the market’s expectations.
There is much to consider…GDP growth for the second quarter was reportedly 1.9 percent, which is a marked increase from the first quarter.
However, unemployment is at a four-year high, home prices are low, inflation is rising and even with all of the previous rate cuts credit markets are still tight.
I think the markets have it right. From my cursory glance, there may not be enough solid data to make a case for an increase or a decrease.
The Fed’s decision is expected around 2:15. If you can’t tune in like this true fan of the Fed (just kidding!), come back for my post-meeting summary.
Tags: Federal Reserve, targetRelated Stories
POSTED IN: Economy, Federal Reserve, Market, News
0 opinions for Steady Feddy?
No one has left a comment yet. You know what this means, right? You could be first!
Have an opinion? Leave a comment: