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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (24032)1/4/2005 2:04:26 PM
From: gregor_us  Read Replies (2) of 110194
 
2:00pm 01/04/05

FOMC split into two camps on price outlook on Dec 14 By Greg Robb
WASHINGTON (CBS.MW) -- The Federal Open Market Committee was roughly divided into two camps on the outlook for inflation at their closed-door meeting on Dec. 14, according a summary of the meeting released Tuesday. A number of FOMC members were worried that the weaker dollar, higher energy prices and a slowdown in productivity growth may lead to higher prices. But others on the FOMC argued that wages remained under control and that the risk to prices from a weak dollar might be overstated. This is the first time the FOMC has released the minutes from its meetings after a three-week lag. In general, FOMC members were upbeat about the economy, saying that the expansion was "firmly established" and "resilient."
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