Another 1/4 point reduction in interest yesterday was the result of the Federal Reserve's Meeting... The vote was not unanimous for the first time this year and only 6 of the Fed Presidents voted for the accompanying reduction in the Discount Rates...
That's a sure sign of disagreement on steps to take for what ails us and an indication that there will be no more cuts in the near term.
Early results?
Oil prices are at nominal highs going up another 4% in US $ terms...
Housing Data is still terrible...
Dollar is at 1.44 to 1.45 levels...
Is there a recession in the future??? That is the big question...
0 comments:
Post a Comment