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PARSING THE FED
Posted By Barry Ritholtz On December 13, 2005 @ 6:15 pm In Federal Reserve | Comments Disabled
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 
PARSING THE FED 
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:
 WSJ:: http://online.wsj.com/documents/info-fedparse0512.html
 December statement: http://www.federalreserve.gov/boarddocs/press/monetary/2005/20051213/default.htm
 November: http://www.federalreserve.gov/boarddocs/press/monetary/2005/20051101/default.htm
 Image: http://bigpicture.typepad.com/.shared/image.html?/photos/uncategorized/wsj_fedparse0512.gif
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