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


To: John Vosilla who wrote (64864)6/29/2006 2:33:28 PM
From: booyaka  Read Replies (1) | Respond to of 110194
 
Judging from the market's reaction, it looks like a lot of people thought a 50bp move was a real possibility. The FOMC statement doesn't strike me as particularly dovish. More like neutral, perhaps slightly hawkish.



To: John Vosilla who wrote (64864)6/29/2006 2:34:31 PM
From: gregor_us  Read Replies (2) | Respond to of 110194
 
The Statement Retreats from the Bernanke Monday 05 June Speech,

in which he basically said they could keep hiking right into a slowdown. The statement today puts the traditional US-style balance back, between growth and inflation. IMO, that's why it's a relief compared to that Monday 05 June speech by Ben which really rocked the markets.

(The Statement also now calls into question whether they go again in August.)

G