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More Fed Beige Book: Does it signal an official downgrade? Bill McBride notes "measured"...

More Fed Beige Book: Does it signal an official downgrade? Bill McBride notes "measured" economic growth compares to "modest" in the last report and "moderate" a few reports back. The FOMC's next meeting - and last before the end of Operation Twist - is set for Dec. 11-12. There's little in the dour report to prevent a replacement program from being announced. Stocks remain higher, the S&P 500 +0.3%. The 10-year Treasury yield -3 bps to 1.62%.
Comments (2)
  • Today's Short Term Update: http://seekingalpha.co...

     

    -Bill L.
    28 Nov 2012, 02:39 PM Reply Like
  • "Measured" is a great term. Measured how and by whom and with what caveats. It is a moving target and we are expected to read it in the dark.
    29 Nov 2012, 05:46 AM Reply Like
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