Monday, June 22, 2009

Alert: Fed FOMC Meeting

The Fed's open market committee starts a two-day meeting Tuesday. Don't expect any changes in rates. The Fed will keep its targeted range for its bank lending rate between zero and 0.25 percent, but watch the statement released on Wednesday after the meeting is completed for a signal of any changes in Fed thinking.

Will there any comment about the recent run-up in rates on mortgages and Treasury securities? Remember the Treasury is just in the early stages of the $2 trillion it will need to raise this year.

1 comment:

  1. You say: "...the Treasury is just in the early stages of the $2 trillion it will need to raise this year."

    Raises the question of just how much has been raised at this point; after all, we are now into the back end of the fiscal year.

    ReplyDelete