Wednesday, January 03, 2007

Fed News...

The FOMC came out with the minutes of the last meeting and stated that:

The downside risk to growth has increased.
Growth of labor productivity may be weaker than thought.
Some signs to grow close to long run sustainable pace.

Seems the Fed is a bit more bearish the was previously stated. Friday we have Employment numbers, could the Fed be preparing us for a weaker number?



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