Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who started this subject	4/19/2004 12:48:04 AM
From: gregor_us	Read Replies (8) of 116555

Fed Message for Week of APR 20 - APR 24. "Conflicting data often emerges in the early stages of a recovery. Because the previous period was one characterized by deflationary risk, we must remain watchful to ensure the most important part of the recovery--expressed in jobs and in wages--is well protected before making potentially disruptive changes in monetary policy. Only when wage growth and job growth come into better alignment with the other postive data, can we be comfortable in re-focussing once again on more traditional demand-pressures..." My paraphrase of the aggregate Fed-Speak in the next 5 days.

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