FOMC August 5th Meeting |
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• 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
Filed under: Fundamental
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