Tuesday, Aug 29, 2006

US rate decision not unanimous

BBC News: Fed was split over US rate freeze

The Federal Reserve\'s decision to halt interest rate rises earlier this month was not unanimous it has emerged, with hints that hikes could resume. In a decision on 8 August, rates were held at 5.25%, breaking a two-year cycle of rate rises introduced to slow a rampant economy.

Posted by webmaster @ 09:34 PM (515 views)
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2 Comments

1. Ticktock said...

A rampant economy?

More like they have printed far too many dollars in order to inflate the lungs of a dead economy, and people have now sussed that the inflation stats. are fiddled so as to hide this. Oh what a tangled web we weave....

Wednesday, August 30, 2006 07:08AM Report Comment
 

2. Sloth (friend Of The Tpa) said...

The U.K. BoE has devalued the pound to a greater %age than the US Treasury. I think GBP M4 was 13.5%!

Stagflation is the only possible outcome.

Wednesday, August 30, 2006 12:44PM Report Comment
 

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