[ترايدر]

Updated: 30-Jun-06 17:14 ET

Calmer Fed Amid Slowing Economy

While last week's FOMC meeting left a 17th consecutive rise in the policy rate to 5.25%, the tone of the statement was less hawkish than feared to bring some relief to the markets. Again the Fed stated that the extent and timing of any added policy tightening will depend on the incoming data and the outlook for growth and inflation. But gone was the May reference that 'further policy firming may be needed'.

Market expectations as seen through funds futures pricing currently sees another policy hike to 5.5% in August but at a current probability of 60% leaves plenty of room for changing opinion given Bernanke's July 19 testimony on monetary policy, a closer look at the policy discussion in the July 20 release of the FOMC minutes and all the economic reports due over the next six weeks

===========
صرح المصرف الاحتياطي الفدرالي بعد اجتماعة الاخير والذي رفع معدل سعر الفائدة السابع عشرة على التوالي الى ان وصلت الى 5.25% بان اي زيادة محتملة ستعتمد على التقارير الصادرة حيث قد تصل في اجتماع August القادم الى 5.5% وهذا يرجع الى حسب نتائج التقارير الصادرة خلال الستة اسابيع القادمة .

=========
ترايدر
============