Fed leaves rates unchanged

The Fed

[jra]

Rate stays at 1.75%, staying w/neutral bias.

[TightSqueeze]

Most likely the fed didn't know WTF to do so they left well enough alone. It was speculated most of them would spend the rest of the afternoon bowling.

[jae471]

"The information that has become available since the last meeting of the Committee confirms that economic activity is continuing to increase. However, both the upward impetus from the swing in inventory investment and the growth in final demand appear to have moderated. The Committee expects the rate of increase of final demand to pick up over coming quarters, supported in part by robust underlying growth in productivity, but the degree of the strengthening remains uncertain."

In other words, they have no clue what they're doing.

[KarlInOhio]

The tarot cards, tea leaves and goat's entrails told them to raise rates, but the I Ching, Nostradamus, and a quick astronomical chart told them to lower rates. A tie-breaking shake on the Magic 8 Ball came up "Reply hazy, try again."