标题: The most carefully ANALYZED passage in the world [打印本页] 作者: robertchu 时间: 2004-7-1 10:03 标题: The most carefully ANALYZED passage in the world From Wall Steet Journal. Have fun! :-)
The Federal Reserve's statements reflect how the members of the central bank's Federal Open Market Committee perceive the economy. Their words have world-wide impact and the slightest changes and nuances are scrutinized for clues about where interest rates may be headed.
The June 30 statement, issued after the fourth meeting of the year, announced that the Fed was raising its key short-term interest rate by one-quarter point to 1.25%, its first increase in four years. Committee members assessed the economy as solid and said the job market has improved, but appeared more concerned than before with possible effects of inflation. Below is a look at differences between the May statement and the June one.