Fed: No rate cuts in the offing?
As expected, the Fed kept rates on hold at 5.25%. But there doesn’t seem to be much in the way of bearishness at the FOMC: the statement says that “going forward, the economy seems likely to expand at a moderate pace”. It goes on to talk about “the extent and timing of any additional firming that may be needed” – no one at the Fed seems to be anticipating any rate cuts for the foreseeable future.
Will the Fed Have to Raise Rates to Bring Inflation Down?
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Guest • October 26th, 2006 at 6:42 am
I agree Felix. Unfortunately (for me) the market clearly has other things in mind.
