17 Aug 2007 Pre-emptive Cut Should Help
Posted at 16:19h
in The Friday Brief
Today’s news from the Fed provides good reason for why I don’t write the Brief in advance. We collect data all week and I assemble thoughts along the way, but economic winds can occasionally shift so fast that yesterday’s news literally becomes antiquated. A large portion of today’s topic would have been devoted to speculation of the Fed’s next action. Well, this morning they answered the question without ambiguity.