• Recessionary risks to second half of 2008 have increased  • Inflationary risks remain a threat  • The Board will maintain rates at 2% while committing to fight long-term inflationary risks  We expect the FOMC to maintain its current policy stance by keeping rates at 2% while committing to fight long-term inflationary risks. We therefore expect the Board to announce no bias, with increasing inflationary and growth risks balancing each other. Some Board members have recently Read More...

Filed under: Fundamental