FOMC Minutes Reveal Nothing
28 August 2007
Following the release of economic news today and stock market losses, the bond improved. Consumer Confidence, as reported by the Conference Board was the largest monthly drop since September 2005.
The FOMC minutes released this afternoon were a non-event, revealing no new insights as to the climate within the Fed nor the likelihood of a rate cut at or before their next meeting in October.
Tomorrow there is no significant economic news scheduled for release.
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