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Four Things to Ponder and Three Ways to Act When it Comes to the Fed
There’s one thing you can almost always count on with the government: Coming late to the party.
The release of the U.S. Federal Reserve’s minutes from the April 29 and 30 meeting of the Federal Open Market Committee (FOMC) included several “pronouncements,†none of which you’re hearing from the mainstream press and all of which we here at Money Morning told you were coming months ago.
Four things to think about:
1. The Fed’s doom and gloom forecast of 0.3% to 1.2% gross domestic product (GDP) growth represent the FOMC’s views from over a month ago. Since then, we’ve had a meager round…
3Jun2008 | Money Morning | Comments Off | Continued
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