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The Fed is beginning the first meeting of 2009 and of the Obama Administration with absolutely no flexibility in setting the Fed Funds rate or articulating Federal Reserve policy.
Fed Funds Futures are giving a greater than 50% probability the Fed will cut rates to .25% at its December 16th meeting. As we get closer to 0%, our situation starts to look a lot like Japan in...
The Fed today announced it was keeping rates at 2% as was widely expected. It's announcement opened the door for future rate hikes as its statement mentioned the danger of inflation.
Federal Reserve Chairman Ben Bernanke said Wednesday he does not believe the United States will experience the out-of-control prices seen with 1970s oil shocks.
Bernanke’s remarks come just...