This is a new one. The Fed has decided to telegraph the fact that rates aren’t going up for like two years.
To promote the ongoing economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate, the Committee decided today to keep the target range for the federal funds rate at 0 to 1/4 percent. The Committee currently anticipates that economic conditions–including low rates of resource utilization and a subdued outlook for inflation over the medium run–are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013.
In other words, “Free money as far as the eye can see so for gods sake please hire someone! One person! Can you guys just hire one human being before I rip my own beard out? Please!?!?!”
Okay, so they didn’t exactly phrase it like that.
More double-speak fatalism at the link below:
http://www.federalreserve.gov/newsevents/press/monetary/20110809a.htm
The Absent Game
Among me and my husband we have owned more MP3 players over the years than I can count, including Sansas, iRivers, iPods (traditional & touch), the Ibiza Rhapsody, etc. But, the last few several years I’ve settled down to one line of players.
The Silent Shard
This will in all probability be very useful for some of one’s work I intend to don’t only with my web site but
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