AgentIndustry News

Economy’s strength in question

Weak job gains help suppress inflation
Published on Jul 2, 2004

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by CareyBot

The fine print. Always, always, always...wait for the fine print.

In the most-telegraphed punch in the history of the Fed, it did indeed hike the overnight cost of money from 1 percent to 1.25 percent on Wednesday. However, nothing else in the markets, in the structure of interest rates, in the perception of the economy, in the expectations for future interest rates...not one other thing went according to plan.