Though reports have speculated that the Fed will leave the rate at 5.25%, recent jitters might convince the Fed to slightly trim the rate.
The FOMC sits today. So, brace yourself.
For me personally, the last few weeks have been miserable. What was a 20% returns portfolio now gives only nearly 1%. Sigh…
p/s — the rate stays:
US interest rates have been kept on hold, despite mounting fears about the state of the economy.
Analysts had widely predicted the US Federal Reserve would leave rates at 5.25% for a 13th month, and that was the unanimous verdict of the Fed panel. [US interest rates left unchanged. BBC News. August 7 2007]
One reply on “[1325] Of the FOMC sits today”
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