Archive for March, 2008
FOMC Cuts the Funds/Discount Rates: Growth the Goal
Going for Growth—or at least some positive momentum is the goal. Today, the FOMC cut the funds rate by 75 basis points. Our view is that the economy is currently working through the recession. Yet inflation remains above the Fed’s perceived inflation range—note the dissents! Credit issues remain a critical drag on the economic outlook.
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Japan: Unchanged rates but slightly softer Boj
As expected, at todayÂ’s monetary meeting, the Bank of Japan (BoJ) kept rates unchanged. At the press briefing, Mr Fukui stuck to the main scenario that the Japanese economy will slow temporarily but that the overall trend remains moderate growth and hence the next move on interest rates will most likely be up. However, Mr Fukui clearly stressed that downside risk to this scenario is increasing because of the development in the US and increased volatility on the financial markets. Overall, the
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ECB: Concerned over inflation and growth
Overview: As expected, the ECB kept rates unchanged at 4%. The ECB continues to stress the upside risks to price stability but at the same time points to downside risks to growth. The staff projections reflect this as the inflation projection was increased markedly to 2.9% in 2008 and, interestingly, to 2.1% for 2009 – so above the ECB's inflation target even next year. At the same time the growth forecast was lowered to 1.7% in 2008 and 1.8% in 2009, and risks are still seen on the downside.
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Strategy 10
Low-risk, high-return forex trading. The information contained in this document, although highly
entertaining and quite instructive, might lead you to believe that
tomorrow you’re going to be a millionaire. You are not going to be a
millionaire tomorrow. Well…that’s technically not correct. Because you
could be a millionaire already, in which case tomorrow you’re
guaranteed to be one. "A bear chased two hikers. One hiker, while being chased, stopped to put on running shoes." As he was changing
Comments are off for this post
Strategy 10
Low-risk, high-return forex trading. The information contained in this document, although highly
entertaining and quite instructive, might lead you to believe that
tomorrow you’re going to be a millionaire. You are not going to be a
millionaire tomorrow. Well…that’s technically not correct. Because you
could be a millionaire already, in which case tomorrow you’re
guaranteed to be one. "A bear chased two hikers. One hiker, while being chased, stopped to put on running shoes." As he was changing
Comments are off for this post