KBC Flash

FED keeps policy unchanged, encouraged by recent developments

Thu, Sep 21 2006, 08:26 GMT
by KBC Market Research Desk

KBC Bank


  • Fed prolongs the pause, keeps tightening bias and changes statement only marginally

  • Even governor Lacker didn’t change tack and dissented for a second time in favour of a tightening

  • Market barely reacts and discord between Fed and markets on future policy remains intact

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