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Article: The Fed Stays on Easy Street - Analyst Blog
- Article from:
- Zacks Investment Research - Analyst Blog
- Article date:
- November 4, 2009
- Author:
CopyrightCopyright 2009 Zacks Investment Research. (Hide copyright information)
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The Fed Stays on Easy Street - Analyst Blog
The Federal Reserve decided to keep the Federal Funds rate unchanged at the meeting it concluded today, as expected. Below is the
current Fed Statement
along with the
one from their September meeting
in paragraph-by-paragraph format, with my translation and commentary interspersed.
As the graph below shows, the market is expecting the Fed to remain on hold, with Fed Funds between 0 and 25 basis points for an extended period. The graph shows the expected outcomes for the January meeting (before today’s announcement) from
the Cleveland Fed
. The market set the odds of anything other than standing pat at either ...