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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:
USD
Discuss USD
12:32 04/27
FED-early FOMC stmt: No change in $600b QE2 thru June or rates (FF still
targeted 0-1/4%), keeps 'extended pd' and will 'reg review' portfolio.
Language alterations say labor mkt 'improving gradually' but drops econ
on 'firmer footing' - now says recovery 'proceeding at mod pace.'
Again mentions commods/oil but not Japan; adds a bit more talk on inflation
('has picked up') but expects rise 'to be transitory'. Will pay close
attention to infl/expectations, and sees underlying infl as 'still
subdued'. Unemployment 'remains elevated'. Fed will continue to monitor
outlook. Vote 10-0.
Ashraf
Just interested to learn your view why there have been no dissenters, and why "extended period" has been retained while "inflation" mentioned 11 times?