Despite Data, Fed Leaves Rates Steady

Tue Aug 7, 2007 3:09 AM EDT

politics, business, wall-street, federal-reserve, fed, rates, interest-rates, interest, main-street, while-wall-street

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Fed Leaves Key Interest Rate Unchanged

NO CHANGE: The Federal Reserve left a key interest rate unchanged on Tuesday as worries about inflation trumped concerns about turbulent financial markets.

MAINTAINING: Fed policymakers voted unanimously to keep their target for the interest that banks charge each other at 5.25 percent, where it has been for more than a year.

CONTEXT: The decision came after a volatile couple of weeks on Wall Street.

This article is over 14 days old and has been removed by requirement of the Associated Press.

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Martin Crutsinger's Column, All of Newsvine
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{"commentId":927968,"authorDomain":"winsomecowboy"}

winsomecowboy

The federal reserve is a privately owned joke.

Some analysts believe the Fed will acknowledge the market's worries and stress that if the credit problems become serious enough it stands ready to supply extra cash to the banking system.

aah ha ha ha.

Is it just me or is the act of simply printing more money, hot on the heels of actually receiving squadillions from China in loans on a regular basis enough to fund the Govt, one of the better kneeslappers.
Could an economist perhaps supply optimism in real economic terms because,just as a layman it's obvious, America sells less than it buys,it has dwindling goodwill left to it, it's in hock seriously to Chinese socialist generosity [sic], embroiled in two costly wars with no new income in sight.
The land market is in a media braked freefall [slow-mo buyers market]
and yet her the operative word being broadcast is 'unchanged'

again
aah ha ha.

{"commentId":927968,"threadId":"134714","contentId":"882104","authorDomain":"winsomecowboy"}

1 vote

#1 - Tue Aug 7, 2007 5:30 AM EDT

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Fed to Meet Amid Housing, Credit Worries	Associated Press	Mon Aug 6	1
Bush Vows a Veto on Any Tax Increase	The New York Times	Wed Aug 8	0
Banks Add More Funds To Stabilize Markets	The Washington Post	Sat Aug 11	3

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Despite Data, Fed Leaves Rates Steady

Fed Leaves Key Interest Rate Unchanged

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