Dollars and Jens
Tuesday, December 09, 2003
 
FOMC
The statement.
The Committee perceives that the upside and downside risks to the attainment of sustainable growth for the next few quarters are roughly equal. The probability of an unwelcome fall in inflation has diminished in recent months and now appears almost equal to that of a rise in inflation. However, with inflation quite low and resource use slack, the Committee believes that policy accommodation can be maintained for a considerable period.
And bond futures promptly dropped, presumably on the basis of the suggestion that deflation was no more likely than inflation.

- posted by dWj @ 2:19 PM

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