by Mark Thoma, University of Oregon (Department of Economics)

Visit Economist's View

Fed Watch: Cutting It Down the Middle

Posted on June 25, 2008

Tim Duy assesses today's decision from the FOMC to leave the target interest rate unchanged:Cutting It Down the Middle, by Tim Duy:Today s FOMC statement was largely in-line with expectations worries were tilted toward higher inflation risks, but fell short of setting the stage for a rate hike in August. Will we see a rate hike this latter this year? I still tend toward expecting a rate hike sometime this fall, vacillating between September and October depending upon the intensity of Fedspeak, largely in response to energy/Dollar driven inflation concerns. Recent Fedspeak pulled me to th...

Original article link


commodity , currency , economy , fed , fomc , inflation , oil , tax , the fed