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Fed leaves rates on hold

Posted by Adrian on December 13, 2006

Due to a very significant slow down in the American housing market, it is obvious that this is already becoming a recession in the housing market. How this will effect the overall economy is still early days. The stock market is still rallying, yet the USD is decreasing pretty much rapidly. Core inflation is still high and the Fed has paused for the second time to leave the interest rates at 5.25%. Is Bernanke losing control of curbing inflation? Is the housing market capable of slowing down or even sending the economy into a recession?

Basic information on what an Inverted Curve means and recession indicator here.


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