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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: John Chen who wrote (14819)11/5/2003 1:14:32 AM
From: Elroy JetsonRead Replies (2) | Respond to of 306849
 
Didn't you read the minutes of the Fed meeting? They decided that it had been a mistake to promise low rates for a specific period of time.

Instead they decided to make it clear that rates will stay low "until a change in conditions warrant higher rates".

They just didn't say what those conditions might be. But they left open the possibility that "those conditions" might appear as soon as their December meeting.