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Dec 15th FOMC Meeting Minutes

  • #21
  • Jan 3, 2007 6:37pm Jan 3, 2007 6:37pm
Quoting rhasson
what about the upcoming EUR and GBP news in the next few days which according to estimates seems to be pretty positive?
Do you think that will give the EUR and GBP some strength before Friday or prices will remain in a range until NFP this Friday?
we have EUR ISM services tonight, and ISM serivces for the USD tomorrow. Besides that, everyone will wait for the NFP on Friday. In terms of EUR, not sure, germany just got the VAT tax in tact, but I'm hearing wage rises as well so that might balance out.
  • #22
  • Last Post: Jan 3, 2007 7:56pm Jan 3, 2007 7:56pm
"But looking over the next year or so, participants continued to expect the economy to expand at a rate close to or a little below the economy's long-run sustainable pace." (from fed minutes)

what is the economy's long-run sustainable pace? Are they referring to their reference of pace or a certain GDP number?
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