Wednesday, August 06, 2008

Fed Announcement

The Fed held rates steady today, as expected, at 2.00%. The statement was less hawkish then I expected sending U.S. Rates lower after the announcement. Clearly Inflation is a big concern but they also mentioned the the economy was very fargile. Look for rates to remain steady into 2009, possibly well into 2009.

Good Luck and Good Currency Trading.



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