THE FED’S STATEMENTS reflect how the members of the central bank’s Federal Open Market Committee perceive the economy. Their words have world-wide impact and the slightest changes are scrutinized for clues about where interest rates may be headed.

The Dec. 13 statement announced that the Fed was raising its key short-term interest rate by one-quarter point to 4.25%, its 13th increase in a row, amid steady economic growth and relatively low core inflation. But the Fed signaled that it is less certain on its future rate actions than it has been in more than a year. Below is a look at differences between the December statement and the November one.

click for larger graphic


Graphic courtesy of WSJ

No ‘Accommodation’
WSJ, Dec. 13, 2005

Category: Federal Reserve

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

One Response to “PARSING THE FED”

  1. Blackwood says:

    For those curious where the original article came from: