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Thursday, June 29, 2006

FOMC decision gets released at about 2.15pm ET.

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FOMC decision gets released at about 2.15pm ET. In May, the
FOMC statement said: "Economic growth has been quite strong so far this
year. The Committee sees growth as likely to moderate to a more
sustainable pace... Still, possible increases in resource utilization,
in combination with the elevated prices of energy and other commodities,
have the potential to add to inflation pressures. The Committee judges
that some further policy firming may yet be needed to address inflation
risks but emphasizes that the extent and timing of any such firming will
depend importantly on the evolution of the economic outlook as implied
by incoming information."

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