Sunday, August 06, 2006

LA Times - "Rate Pause Likely -- but Then What?" (8-6-06)

"Unless Federal Reserve policymakers want to risk triggering the equivalent of a major earthquake in global financial markets Tuesday, they will finally halt their two-year-long credit-tightening campaign."

"But the glee that the idea of a Fed pause generated in the U.S. stock market say, three months ago, is missing now. Many investors seem fearful that the central bank has gone too far with interest rates."

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