Market Analysis

The Fed left their funds rate unchanged.  Their post meeting comments indicated inflation was running high but they expected it to moderate later this year.  Overall their statement was interest rate neutral.  However, stock market improvement this afternoon (the Dow is currently up approx 285 points) is putting some pressure on yields (higher) as money is moving from bonds to stocks.  We had a late morning rate sheet update.  It is not clear whether or not we will see another reprice this afternoon.

Posted by Matthew Breston on August 5th, 2008 2:02 PMPost a Comment (0)

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