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The Federal Reserve Open Market Committee (FOMC) issued its unanimous decision. The language on interest rates and quantitative easing remained unchanged. It indicated that inflation is not a problem despite a recent rise in oil prices and sees economic stabilization although continued weakness.

This decision was designed to avoid potential landmines which could disrupt the financial markets. In other words, the FOMC wanted this statement to be a non-event and seems to have largely succeeded.



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The Fed Decision: Avoiding Landmines! originally appeared on BloggingStocks on Wed, 24 Jun 2009 16:30:00 EST. Please see our terms for use of feeds.

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