Tuesday, September 21, 2010

Fed Decides To Stay On Sidelines

WSJ MarketBeat has posted the Fed Statement: What Market Watchers Are Expecting before the event, just to provide some pre-light.

While Fed uses seducing inflation language, Fed "... will continue to monitor the economic outlook and financial developments and is prepared to provide additional accommodation if needed ... ".

So, the economic optimists should not expect any additional accommodation, before it gets really worse? The bears should also be disappointed, as it is not that bad in the eyes of FOMC to provide additional accommodation now?

Either it is better than the leading indicators suggest, or markets have been eating hope recently? You decide ...

WSJ Real Time Economics is parsing the Fed ...

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