Wednesday, December 16, 2009

FOMC December

Today the Fed kept rates the same[1], at close to 0%. Nor where there any additions to quantitative easing or lending instruments. They anticipated the U.S. economy is in the early stages of recovery, and as recovery moves foward there will be changes to tighten money supply, but nothing new for today.

Personally, I see no economic fundamental driving the recovery other than an easy money policy directed at Wall Street and Corporate America.

1. Fed Press Release (12/16/09).

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