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More from the FOMC: The committee does downgrade its assessment of the economy, saying...

More from the FOMC: The committee does downgrade its assessment of the economy, saying information received since the June meeting suggests a deceleration. However, there's no new candy for now. Over to you, Mr. Draghi. S&P 500 -0.3% after being marginally higher. The dollar moves up, particularly against the euro (FXE -0.5%). Gold sheds a few dollars, GLD -1.2%.
Comments (10)
  • montanamark
    , contributor
    Comments (1434) | Send Message
     
    laughable; the fed has been touting the recovery and growth for 2 yrs;
    GDP is falling to 1.5; high unemployment is steady, we have record 40 yr poverty rates and soaring debt
    1 Aug 2012, 02:32 PM Reply Like
  • Omark
    , contributor
    Comments (39) | Send Message
     
    Yeah all we need is more tax cuts for the wealthy and more fiscal blood sucking from the party of NO and we will really be in the toilet. Of course things could get a lot worse if Willard gets in and if you are part of the 98% then get your soup cups ready.
    1 Aug 2012, 03:10 PM Reply Like
  • bart329@gmail.com
    , contributor
    Comments (4) | Send Message
     
    Got to be kidding me Omark - think your man Obama is doing us good? spending trillions on govt office remodels, failing green projects , money to union cronies and making us go broke. Clearly will need the soup cups if we keep up this "drunken sailor" spending
    1 Aug 2012, 06:37 PM Reply Like
  • WMARKW
    , contributor
    Comments (10250) | Send Message
     
    Bart----you forgot about all the parties - a million here a million there, well what the hell, it's just taxpayer money.
    2 Aug 2012, 01:36 AM Reply Like
  • Dave Shelton
    , contributor
    Comments (19) | Send Message
     
    It is just a matter of time before QE3 and gold price escalation. 2012 will be the year of the "Goldbug".
    1 Aug 2012, 02:41 PM Reply Like
  • Gary Jakacky
    , contributor
    Comments (2405) | Send Message
     
    Nobody cares about you and your cronies, Bernanke: the Fed, Draghi and your moronic ilk. A 5 minute sell-off. Back to earnings and prospects for growth...the things that REALLY matter!
    1 Aug 2012, 03:11 PM Reply Like
  • realornot
    , contributor
    Comments (1281) | Send Message
     
    ECB & FED are acting together as ONE!

     

    http://bit.ly/R9AEg9
    1 Aug 2012, 04:12 PM Reply Like
  • OutandBack
    , contributor
    Comments (84) | Send Message
     
    So much for the WSJ's leak on the FED.
    1 Aug 2012, 04:30 PM Reply Like
  • WMARKW
    , contributor
    Comments (10250) | Send Message
     
    Someone please tell me what they think the FED, ECB can do to influence growth. Sure they can stop liquidity issues. What about growth. Do you think they would have done it by now?
    2 Aug 2012, 01:38 AM Reply Like
  • plato363
    , contributor
    Comments (4) | Send Message
     
    If the WSJ had studied money supply, then maybe they (and the market in general) would not have been so keen on the idea that the fed would act today. I posted a study on my blog looking at the changes of money supply and the market versus their relationship to recent Fed moves. Besides, with employment growth still positive, albeit anemic, the Fed is probably on the sidelines.
    2 Aug 2012, 07:36 AM Reply Like
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