Daily thought from Elliot Eisenberg, former NAHB economist - With - TopicsExpress

Daily thought from Elliot Eisenberg, former NAHB economist - With the economy still weak, I expect the key phrase that interest rates will remain as is for considerable time after the asset purchase program ends to remain in the Feds statement following their two-day meeting this Wednesday. Altering this critical sentence will spook markets and boost rates by suggesting that the zero interest rate policy currently in effect will end sooner than expected. It goes out in December.

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