To: The_Victor
Shutup FED. You guys talk too much.
5 posted on
01/28/2004 11:50:43 AM PST by
demlosers
(<a href="http://www.michaelmoore.com">Miserable Failure</a>)
To: demlosers
"Shutup FED. You guys talk too much."
Actually, it's what the Fed didn't say that has the stock market in a funk. In its statements after meetings since this past summer, the Fed has said that they would leave interest rates low for a "considerable period" of time. The "considerable period" phrase was unexpectedly dropped in today's statement. This doesn't mean interest rates are on their way up any time soon, but it gets rid of what would be a future impediment.
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