Wednesday, January 4, 2012

FOMC Minutes: Fed To Start Releasing Official Fed Funds Rate Forecasts

Summary of the yawn-inducing minutes via Bloomberg:

SEVERAL ON FOMC FAVORED CHANGE TO MID-2013 RATE VOW BEFORE LONG
FOMC SAID GLOBAL FINANCIAL STRAINS POSE `SIGNIFICANT' RISK
FED PLANS TO RELEASE OFFICIALS' FED FUNDS RATE FORECASTS (this is not news, and if the Fed is as accurate in "predicting" - note not setting - FF rates as it is in forecasting everything else, woe is us)
FOMC MEMBERS SAW LONG-TERM INFLATION EXPECTATIONS AS STABLE
FOMC MEMBERS SAW ECONOMY `EXPANDING AT A MODERATE

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