June 29th, 2007
Fed Comments On Inflation
Stocks finished flat Thursday after the Federal Reserve offered a cautious reading on inflation but said the economy appeared to be growing at a “moderate” pace. In other words, the Fed isn’t as concerned about inflation now, as it was a few months ago as inflation fell within “reasonably acceptable levels”. The fed will continue to keep an eye on inflation,as it’s stance is neither to raise rates nor lower them. Keep rates where they are and keep an eye on inflation.
Share ThisPosted by scott on June 29th, 2007 in Economic Info |
