Dollars and Jens
Tuesday, August 08, 2006
 
Fed Watch
The Open Market Committee didn't raise interest rates today. The market fell on worries that Bernanke isn't serious about combating inflation, or possibly because the Fed's inaction suggests a slowing economy. If the market changes its mind and ends up for the day, it's because securities are worth more in a lower interest rate environment.

- posted by Steven @ 2:39 PM
Comments:
<$BlogCommentBody$>
# posted by <$BlogCommentAuthor$> : <$BlogCommentDateTime$>
<$BlogCommentDeleteIcon$>
(0) comments Post a Comment

Powered by Blogger