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Parsing the Fed

Posted By Barry Ritholtz On September 20, 2005 @ 9:37 pm In Economy,Fixed Income/Interest Rates | Comments Disabled

The WSJ:

The Sept. 20 statement announced that the Fed was raising its key short-term interest rate by one-quarter point to 3.75%, its 11th straight increase, despite uncertainty about the economic impact of Hurricane Katrina. The storm hurt near-term economic growth, which normally would call for lower interest rates. But it also has elevated inflationary pressure, which normally would call for higher rates.

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Infofedparse0509 [1]

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Source:
PARSING THE FED [2]
Weathering the Storm
WSJ, September 20, 2005
http://online.wsj.com/documents/info-fedparse0509.html


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[1] Image: http://bigpicture.typepad.com/.shared/image.html?/photos/uncategorized/infofedparse0509.gif

[2] PARSING THE FED: http://online.wsj.com/documents/info-fedparse0509.html

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