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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (58576)	4/18/2006 2:03:37 PM
From: ild	Respond to of 110194

DJ FOMC Minutes: Most Thought Rate Hikes' End Likely 'Near' DJ FOMC: Some Concerned About Tightening Credit Too Much DJ FOMC:Some Concerned About Signaling Several More Hikes DJ FOMC: Energy, Commodity Price Impact Remained A Concern DJ FOMC: Core Inflation Not Seen Moving Higher DJ FOMC: Slower House Prices Seen A Drag On Consumption DJ FOMC: Little Or No Slack Seen In Labor, Other Resources DJ FOMC: GDP Rebounded Strongly In 1Q, Likely To Slow After DJ FOMC Minutes: Most Thought Rate Hikes' End Likely 'Near' By Campion Walsh and Benton Ives-Halperin Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--By late March, most of the U.S. Federal Reserve's monetary policymakers thought an end was likely "near" for the credit-tightening cycle begun in mid-2004, and some had concerns about tightening too much, according to Fed meeting minutes released Tuesday. At their March 27-28 meeting, members of the Federal Open Market Committee discussed, among other things, what they saw as moderate core inflation, a cooling housing market and the possibility that their short-term interest rate hikes could have a lagged effect on the economy. "Most members thought that the end of the tightening process was likely to be near, and some expressed concerns about the dangers of tightening too much, given the lags in the effects of policy," according to the FOMC minutes, released after a normal three-week period. To head off inflation, the FOMC last month raised its overnight interest rate target for the 15th straight time since mid-2004, taking it to 4.75%. Financial markets widely expect the FOMC will raise the rate target to 5% at its next meeting, May 10. The outlook for future meetings is far less clear. The March FOMC meeting was the first presided over by Fed Chairman Ben Bernanke. The decision for another gradual interest rate hike and the language of the accompanying statement suggested little change of direction following Alan Greenspan's tenure. (MORE TO FOLLOW) Dow Jones Newswires