Outcome of Today's FOMC Meeting
Summary
Per the expectation of virtually everyone, the Federal Open Market Committee today announced its decision to increase the target rate on federal funds by 25 basis points, from 2.50% to 2.75%. Concurrently, the Federal Reserve Board of Governors announced a quarter-point increase in the Discount Rate, from 3.50% to 3.75%. As I expected, the post-meeting statement did contain some critical shifts, although they were subtle ones.
http://www.gillespieresearch.com/cgi-bin/s/article/id=502
Tweet
All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com
Circle Us