.................No Surprises From The Fed Today
From the AP:
"The Fed is trying to engineer a soft-landing for the economy in which growth is slowed enough to keep inflation from getting out of hand without overdoing the credit tightening and raising the chances of a recession.
In its statement, the Fed continued to signal concerns about inflation, repeating a phrase it had used last time -- that the Fed's rate setting panel "judges that some inflation risks remain.""
Housing is imploding and commodity prices are plunging, but, the Fed says that some inflation risks remain? The current economic environment is very deflationary not inflationary. One of the Fed Governors even wanted to hike rates today??? What Kuiper Belt Object is that guy on? Yes, let's have a depression while we're at it.
....... http://www.JoeFRocks.com/
Housing commodities Fed inflation
"The Fed is trying to engineer a soft-landing for the economy in which growth is slowed enough to keep inflation from getting out of hand without overdoing the credit tightening and raising the chances of a recession.
In its statement, the Fed continued to signal concerns about inflation, repeating a phrase it had used last time -- that the Fed's rate setting panel "judges that some inflation risks remain.""
Housing is imploding and commodity prices are plunging, but, the Fed says that some inflation risks remain? The current economic environment is very deflationary not inflationary. One of the Fed Governors even wanted to hike rates today??? What Kuiper Belt Object is that guy on? Yes, let's have a depression while we're at it.
....... http://www.JoeFRocks.com/
Housing commodities Fed inflation
posted by Joe Ferrazzano at
11:32 AM
