Ian Woodward's Investing Blog

«
»

The FOMC did Something for Nobody!

William Gross at PIMCO suggests the Fed is at Neutral, will not raise rates by December, the economy is de-leveraged and this is a period of slack.

          

magoo

 As widely anticipated, the U.S. central bank stands pat on interest rates.  But the inflation-hawk contingency appears to be gaining adherents, with policy statement admitting the risk posed by inflation has risen. MARKET SNAPSHOT:  REACTIONS TO THE FED
• Stocks retain gains after Fed Announcement then peter out
• Dollar retreats modestly
• Treasury market extends losses
• Crude oil pares some losses
• Gold rises as Fed’s steady
• Transportation – Shipping gets a bounce

fomc

Best Regards, Ian

This entry was posted on Wednesday, June 25th, 2008 at 2:35 pm and is filed under Market Analysis. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Copyright © 2007-2010 Ian Woodward
Disclaimer: Commentaries on this Blog are not to be construed as recommendations to buy or sell the market and/or specific securites. The consumer of the information is responsible for their own investment decisions.