FOMC - 29 June 2006


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  • avmongoose
  • 25-Jun-2006 at 9:39 PM
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  • Posts: 13
with the fed going to talk this week what can we expect leadind up thurs. also is it not unsuall for the fed to make the announcement on thur. (maybe i read the cal. wrong)
If I remember and understand correctly then YES: The announcement will be at 2:15pm EST on Thursday. I think that it's a 2 day meeting spanning Wednesday and Thursday.

Good question about what market activity will be like this coming week. I think lower range than we've been seeing recently.
The market anticipates a 1/4 point cut tomorrow. It is my opinion that anything other than a 1/4 point cut will throw the market into a frenzy because the market is on a knife's edge here and anything "unexpected" will tip it from a volatile market into a very volatile market.
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  • trade2win
  • 29-Jun-2006 at 8:08 PM
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  • Posts: 19
so what do we think of the fed day action guys?
Federal Reserve Increases Interest Rate to 5.25 Percent, Its Highest Point in More Than 5 Years

WASHINGTON (AP) -- The Federal Reserve hoisted interest rates to the highest point in more than five years Thursday but also raised hopes that a respite from two years of rate pain may be in sight. Wall Street rallied, breathing a sigh of relief.
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