Tuesday, August 29, 2006

US rate decision not unanimous

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 (564 views)
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2 thoughts on “US rate decision not unanimous

  • 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….

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  • Sloth (friend Of The Tpa) says:

    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.

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