USA: FOMC− More neutral, but still on easing bias
Thu, May 1 2008, 08:25 GMT
by Peter Possing Andersen
Danske Bank A/S
Overview: As widely expected, the Federal Open Market Committee (FOMC) decided to lower the Fed funds rate and the discount rate by 25bp to 2.00 and 2.25%, respectively. Generally, the statement was more neutral in its language than the previous one, but the committee has kept the door open for further cuts.
Published on
Thu, May 1 2008, 08:30 GMT
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