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Posted By Barry Ritholtz On December 13, 2005 @ 6:15 pm In Federal Reserve | Comments Disabled

WSJ: [1]

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 [2] and the November [3] one.

click for larger graphic

Wsj_fedparse0512 [4]

Graphic courtesy of WSJ [1]

No ‘Accommodation’
WSJ, Dec. 13, 2005

Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2005/12/parsing-the-fed-5/

URLs in this post:

[1] WSJ:: http://online.wsj.com/documents/info-fedparse0512.html

[2] December statement: http://www.federalreserve.gov/boarddocs/press/monetary/2005/20051213/default.htm

[3] November: http://www.federalreserve.gov/boarddocs/press/monetary/2005/20051101/default.htm

[4] Image: http://bigpicture.typepad.com/.shared/image.html?/photos/uncategorized/wsj_fedparse0512.gif

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