11/04/2009
Today's Federal Reserve decision to leave interest rates unchanged, at essentially zero, came as little surprise to Wall Street. But as has become the norm on Fed decision days, the reading of the tea leaves and the parsing of the language by market pundits is in ample supply.
So this week, I thought I'd let you read what the committee said for itself. Doing so will give you a sense of the kind of language the Fed employs when discussing the economy. Now, I know this may not be the most riveting read, but it behooves you to make the effort to find out what Fed policymakers are saying. After all, their thought process behind monetary and fiscal policy affects us all.
To read the entire Federal Reserve statement, click here.