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FOMC Statement May Signal a Pause, But Markets are Not Convinced

Discussion in 'Forex Daily News & Outlook' started by ActionForex.com, Apr 30, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    The FOMC cuts the federal funds rate by 25bps to 2.00% as widely expected. Two members, Fisher and Plosser, voted against the rate cut, favoring no action. In the accompanying statement, the Fed described the cumulative 325bps cut as "substantial". Also, the Fed noted that "indicators of inflation expectations have...

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