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Monetary Policy / Trades To Watch

Posted on August 05, 2008

Monetary Policy Fed's FOMC met today and left the FFR% at 2.0% as all expected.The statement carried no significant surprises, either. Keyeconomic variables supported a no change stance. However,recent economic indicator readings show renewed economicweakness in industrial and commercial order rates. If fresh dataon these series to come in early September show further erosionin order rates as we move into the 2008 election homestretch,figure FOMC members will receive phone calls from Powersuggesting a further ease might be in order.Trades To WatchThe price of oil has broken sharply again thi...

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