KBC Flash

U.S: October FOMC decision

Thu, Oct 26 2006, 06:54 GMT
by KBC Market Research Desk

KBC Bank


FED decision contains hardly any surprises

  • Fed prolongs the pause in policy while keeping its tightening bias
  • Markets react moderately positive, as fears of a more hawkish Fed prove unfounded
  • Governor Lacker dissents again in favour of a rate hike, but remains a lone dissenter
  • The statement contains no info about communication, the special topic
  • Higher energy prices no longer upside risk for inflation, but at the same time the Fed apparently believes growth has bottomed.

Published on  Thu, Oct 26 2006, 06:57 GMT

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