Friday, June 30, 2006

Post-Fed Reaction

US stocks soar on Fed rate news
"Stocks on Wall Street soared on Thursday following the US Federal Reserve's 17th straight increase in interest rates. "

Dollar Drops as Dovish Fed Erodes Yield Curve Inversion
"Regarding inflation, the Fed maintained its description of inflation expectations as "remain contained", while the impact of resource utilization and rising energy prices to continue to only: have the potential to sustain inflation pressures."

Bureaucratese and the FOMC Statement
"I think this FOMC Statement could be better written - the last paragraph is especially bad."

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