So what is the FED going to do tomorrow?

[cr]

My guess is the FED will say “core inflation is under control, job levels are good, and they are keeping an eye on the credit crunch”, and do nothing.

Translation: food/energy are still burdensome, unemployment is growing as all things associated with RE tank, but some jobs are resurfacing in retail and service inndustries, and the credit tsunami is landing, but since we’ve done nothing for a year, we can’t do anything now.

Lowering rates kills the dollar, raising them kills business.

The FED is between a rock and a hard place.

[LA_Renter]

No change whatsoever. That tells me they are looking real hard at the dollar.

[LA_Renter]

No change whatsoever. That tells me they are looking real hard at the dollar.

[LA_Renter]

No change whatsoever. That tells me they are looking real hard at the dollar.

[GoUSC]

This quote sums it up. THANK GOD! GO FED!

“Although the downside risks to growth have increased somewhat, the Committee’s predominant policy concern remains the risk that inflation will fail to moderate as expected. Future policy adjustments will depend on the outlook for both inflation and economic growth, as implied by incoming information.”

[GoUSC]

This quote sums it up. THANK GOD! GO FED!

“Although the downside risks to growth have increased somewhat, the Committee’s predominant policy concern remains the risk that inflation will fail to moderate as expected. Future policy adjustments will depend on the outlook for both inflation and economic growth, as implied by incoming information.”

[GoUSC]

This quote sums it up. THANK GOD! GO FED!

“Although the downside risks to growth have increased somewhat, the Committee’s predominant policy concern remains the risk that inflation will fail to moderate as expected. Future policy adjustments will depend on the outlook for both inflation and economic growth, as implied by incoming information.”

[LA_Renter]

Plain and simple Bernanke does not have the luxury that Greenspan did. He has a weak dollar, high oil and rising commodity prices. I think today’s meeting and the FED’s continued hawkish inflation stance was a last nail in coffin moment for housing. This credit crunch isn’t going away and California home sales are coming to an abrupt stop. And it appears there is nothing anybody can do about it.

[LA_Renter]

Plain and simple Bernanke does not have the luxury that Greenspan did. He has a weak dollar, high oil and rising commodity prices. I think today’s meeting and the FED’s continued hawkish inflation stance was a last nail in coffin moment for housing. This credit crunch isn’t going away and California home sales are coming to an abrupt stop. And it appears there is nothing anybody can do about it.

[LA_Renter]

Plain and simple Bernanke does not have the luxury that Greenspan did. He has a weak dollar, high oil and rising commodity prices. I think today’s meeting and the FED’s continued hawkish inflation stance was a last nail in coffin moment for housing. This credit crunch isn’t going away and California home sales are coming to an abrupt stop. And it appears there is nothing anybody can do about it.

[bsrsharma]

“California home sales”

Make it US. BTW, the worst of the problems seems to be in Atlanta (going by inventory, more than 110K homes on market, by comparison, SD is 20K+). Any clue?

[bsrsharma]

“California home sales”

Make it US. BTW, the worst of the problems seems to be in Atlanta (going by inventory, more than 110K homes on market, by comparison, SD is 20K+). Any clue?

[bsrsharma]

“California home sales”

Make it US. BTW, the worst of the problems seems to be in Atlanta (going by inventory, more than 110K homes on market, by comparison, SD is 20K+). Any clue?

[cr]

“The Fed statement said officials believe the economy ‘is likely to continue to expand at a moderate pace over coming quarters, supported by solid growth in employment and incomes and a robust global economy.'”

and…(emphasis added)

“Readings on core inflation have improved modestly in recent months. However, a sustained moderation in inflation pressures has yet to be convincingly demonstrated. Moreover, the high level of resource utilization has the potential to sustain those pressures.

Although the downside risks to growth have increased somewhat, the Committee’s predominant policy concern remains the risk that inflation will fail to moderate as expected.”

Sounds like a lot political speak to say “we have no idea what to do.” Also sounds like wishful thinking on incomes, the gimick of core inflation, employment, and that only sub-prime mortgages are defaulting. It does sounds like they may consider raising rates despite the growing cry from the bulls to lower them.

They can’t do nothing forever.

[cr]

“The Fed statement said officials believe the economy ‘is likely to continue to expand at a moderate pace over coming quarters, supported by solid growth in employment and incomes and a robust global economy.'”

and…(emphasis added)

“Readings on core inflation have improved modestly in recent months. However, a sustained moderation in inflation pressures has yet to be convincingly demonstrated. Moreover, the high level of resource utilization has the potential to sustain those pressures.

Although the downside risks to growth have increased somewhat, the Committee’s predominant policy concern remains the risk that inflation will fail to moderate as expected.”

Sounds like a lot political speak to say “we have no idea what to do.” Also sounds like wishful thinking on incomes, the gimick of core inflation, employment, and that only sub-prime mortgages are defaulting. It does sounds like they may consider raising rates despite the growing cry from the bulls to lower them.

They can’t do nothing forever.

[Author]

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