Wednesday, May 30, 2007

Federal Reserve Minutes of May 9th

May 30, 2007
According to the Wall Street Journal:
Federal Reserve officials have become slightly more upbeat about U.S. economic prospects despite a more pronounced drag from housing, according to the minutes of the Fed's most recent policy-setting meeting. Core inflation, meanwhile, remained "uncomfortably high," according to the May 9 minutes, further indicating that the Fed isn't inclined to lower rates in the near future.

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