Wednesday, April 30, 2008

Federal Reserve to announce rate decision at 1:15 cdt

Check back following the announcement for analysis.

Meanwhile, stocks are trending up today and, according to inititial estimates, gross domestic product (GDP) rose .6% last quarter (same as the quarter before). Meaning, as the Financial Times puts it, the "US economy avoids outright contraction." But remember, these data reflect last quarter, not the one we are living in right now.

No comments: