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Asset Class Review and Commentary
by Mellon [More Info]
After more than two years of steady and gradual increases, on August 8th the Federal Reserve Board decided to hold short-term interest rates unchanged at 5.25%. Announcing its decision, the Fed indicated that its previous rate hikes combined with high energy prices had contributed to a mild slowdown in U.S. economic growth. Cooling housing markets in many regions of the U.S. appeared to confirm this view. A slowing U.S. economy reduced pressures for further restrictive policy despite core inflation numbers remaining above the Fed’s stated comfort level..........
Access : For Affiliate
Pages : 3
Category : Wealth Management
Cost :
Free
Date Published : 2006-11-29
