Fedswirl: Nothing to See Here

by Alex Stenback on May 10, 2007

Google news lists 895 news articles on yesterday’s (non-news-event-because-everybody-knew-what-was-going-to-happen) decision by the FOMC to leave rates unchanged, so it’s unlikely that you are hearing it from us first; but if you haven’t the stamina to wade through all of the coverage, here’s our grossly oversimplified executive summary:

Rates Unchanged Because:
1.  Economy is maybe/probably slowing.
2.  Inflation is maybe/probably a problem.
3.  We care more about number 2 than number 1.

See how easy that was?
ยท Parsing the Fed [WSJ Online]

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