Old Project Avalon Forum (ARCHIVE) - View Single Post - Fed Readies for Balance Sheet Tool as Rate Nears Zero

Dantheman62 · 12-16-2008, 06:41 PM

Here's some more info. The Fed wraps up a two-day meeting Tuesday. Economists expect the central bank to cut the federal funds rate, already at a low of 1 percent, by another half-point in an effort to keep the recession from worsening.

Consumer prices, an inflation barometer, last month fell by the largest amount on records going back 61 years as energy costs posted nearly double the decline of the previous month, the Labor Department reported Tuesday.

Prices fell 1.7 percent, surpassing the previous record decline of 1 percent set in October. It was the largest one-month decline dating to February 1947. Core inflation, excluding food and energy, was flat in November after a 0.1 percent drop in October.

Here's the link to the rest of story.....http://finance.yahoo.com/news/Inflat...-13843651.html

12-16-2008, 06:41 PM	#2
Dantheman62 Avalon Senior Member Join Date: Sep 2008 Location: So. Cal. U.S. Posts: 4,205	Re: Fed Readies for Balance Sheet Tool as Rate Nears Zero Here's some more info. The Fed wraps up a two-day meeting Tuesday. Economists expect the central bank to cut the federal funds rate, already at a low of 1 percent, by another half-point in an effort to keep the recession from worsening. Consumer prices, an inflation barometer, last month fell by the largest amount on records going back 61 years as energy costs posted nearly double the decline of the previous month, the Labor Department reported Tuesday. Prices fell 1.7 percent, surpassing the previous record decline of 1 percent set in October. It was the largest one-month decline dating to February 1947. Core inflation, excluding food and energy, was flat in November after a 0.1 percent drop in October. Here's the link to the rest of story.....http://finance.yahoo.com/news/Inflat...-13843651.html