Create a New Forum Admin Login Member Login Contribute to Voyager Search VoyForums Help Desk VoyForums Exchange VoyForums Directory/Categories VoyForums Homepage VoyForums News FAQ - Frequently Asked Questions

[ Show ]

Support VoyForums

[ Shrink ]

VoyForums Announcement: Programming and providing support for this service has been a labor of love since 1997. We are one of the few services online who values our users' privacy, and have never sold your information. We have even fought hard to defend your privacy in legal cases; however, we've done it with almost no financial support -- paying out of pocket to continue providing the service. Due to the issues imposed on us by advertisers, we also stopped hosting most ads on the forums many years ago. We hope you appreciate our efforts.

Show your support by donating any amount. (Note: We are still technically a for-profit company, so your contribution is not tax-deductible.) PayPal Acct: Feedback:

Donate to VoyForums (PayPal):

[ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, [4], 5, 6, 7, 8 ]

Subject: Tech stocks dragged Wall Street lower last night

Author: FOMC Meeting--minutes

[ Next Thread | Previous Thread | Next Message | Previous Message ] Date Posted: 12:34:23 01/30/03 Thu Tech stocks dragged the market lower in Wall Street. FOMC meeting. Dec. monetary policy well positioned FOMC held interest rates steady because panel believed economic growth will pick up. January 30, 2003: 2:45 PM EST WASHINGTON (Reuters) - Federal Reserve policymakers believed they had already laid a foundation for a pickup in U.S. economic growth when they decided in December to hold interest rates steady, meeting minutes released Thursday showed. "The members agreed that, given what was now a quite accommodative policy following the relatively aggressive easing move in November, monetary policy was well positioned to support a strengthening economic expansion in line with their expectations for coming quarters," minutes of the Fed's Dec. 10 meeting said. The Fed had cut the benchmark federal funds rate a hefty half-percentage point in November to a fresh four-decade low of 1.25 percent. After its most recent meeting Wednesday, the central bank again decided to hold rates steady. The minutes of the December meeting showed policymakers taking heart in improved financial market conditions. "The November easing had contributed to some improvement in financial markets that, in conjunction with prospects for further stimulus from fiscal policy, should bolster the anticipated acceleration of economic activity," they said. ------------------------------------------------------------ [ Next Thread | Previous Thread | Next Message | Previous Message ]

Replies:

Subject	Author	Date
Re: Tech stocks dragged Wall Street lower last night	Analysis of U.S. summed up in a line	12:52:04 01/30/03 Thu
Re: Tech stocks dragged Wall Street lower last night/Guru -- War., 13:06:00 01/30/03 Thu Re: U.S. FUTURES & MARKETS INDICATORS -- In negative turf earlier todaymildly positive at the moment., 22:56:04 01/30/03 Thu