by emersonbiggins » Wed 10 Oct 2007, 11:55:55
$this->bbcode_second_pass_quote('strider3700', 'T')They showed the Fed had zero doubts about the rate cut and may not have any issue with more cuts. .
Compare that with this sentiment, released today:
$this->bbcode_second_pass_quote('', 'F')ed Signals No Rush to Lower Interest Rates Again (Update1)
By Craig Torres
Enlarge Image/Details
Oct. 10 (Bloomberg) -- Federal Reserve policy makers signaled they are in no hurry to reduce interest rates again because they aren't convinced the U.S. economic expansion is coming to an end.
The Federal Open Market Committee avoided foreshadowing its next move after lowering the benchmark rate on Sept. 18, minutes of the meeting, published yesterday, showed. Officials didn't want investors to conclude extra cuts were guaranteed, the records said.
Economic reports since then have justified their caution: manufacturing and services industries continued to expand last month, while employment picked up. The Dow Jones Industrial Average has climbed 3 percent to a record since the meeting.
...
Bloomberg
be on a growth trend? LOL, the hubris is suffocatingly funny.