About the Fed Meeting
(2007-10-31 11:34:51)
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Some Take-aways from today\'s meeting:
a). 25bps+25bps cut is widely expected so there is no surprise to the market like last time;
b). Oil price has become a concern and will continue to be so if oil remains at this elevated price;
c). The Fed may pause after today\'s cut as slowdown in growth and the risk in inflation are pretty much balanced.