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Synopsis of Briefing.com's analysis. Archive



Updated: 10-May-06 08:19 ET


08:19 ET

Fed Day Finally Arrives:
The market is still on Fed watch. The S&P was up less than 1 point yesterday after about a 1 point decline on Monday. S&P futures suggest a near flat open this morning.

The stability will end after the Fed policy statement this afternoon at about 2:15 ET. Another 1/4% hike in the fed funds rate target to 5% is assumed. The big issue will be the wording of the policy statement and whether that implies that the Fed is concerned about continued strong economic growth and associated inflationary pressures, or whether a "pause" is likely.

The Fed may indeed indicate that they are inclined to not raise rates at the June 29 meeting based on current conditions. They may deem it prudent to take some time to assess the impact of previous rate hikes. However, they won't paint themselves into a corner. They need the flexibility to react to incoming data, whatever it may be, and that next meeting is a full seven weeks away. The statement won't provide any guarantees.



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سيكون الاجتماع في تمام الساعة 2.15 بتوقيت نيويورك في هذا اليوم الاربعاء الموافق 10-5- 2006 م
و من المحتمل ان يتم رفع معدل سعر الفائدة بربع نقطه خلال هذا الاجتماع
وسيكون الاجتماع القادم في 29-6-2006 م بعد سبع اسابيع من الان ومن المحتمل ان لايتم رفع سعر الفائدة خلال الاجتماع القادم .
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