Word: feds
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Alan Greenspan were running for president this year, his slogan would be "pessimism with a purpose." (He'd also probably win, but that's another story.) The Fed delivered on expectations both monetary and spiritual Tuesday afternoon, declining to raise or cut interest rates from their current 6.5 percent level but also telegraphing the usual warning to Wall Street: Don't get too excited. We're watching...
...wasn't even hard to translate. The Fed said recent data has shown "that demand is moderating toward a pace closer to the rate of growth of the economy's potential to produce." The economy is slowing to a sustainable pace. "Against the background of its long-term goals of price stability and sustainable economic growth and of the information currently available, the Committee believes (as far as we can tell) the risks continue to be weighted mainly toward conditions that may generate heightened inflation pressures in the foreseeable future," the statement said. Labor markets still tight. Wealth effect from...
...Fed looks to be done for the year, or at least until after the election, and where the market goes from here is no longer up to Greenspan. Investors could get back to focusing on earnings reports and profit forecasts, although mental knots over news like that produced a very dispirited July for NASDAQ. Or the next object of suspense could be the Time Warner-AOL merger decision, due in the fall from the FCC, which could set the regulatory climate for at least the next year (Time Warner, of course, is parent of this site). Or even the election...
AFTERBURNERS To increase the thrust during takeoff, more fuel is fed into the afterburner...
...other problem is that no voice portal has it all. Audiopoint has book reviews and TV listings but no restaurant reviews. Tellme has Zagat but no business listings. And BeVocal has the Fed Ex office locator but lacks basics like news updates...