Friday, September 22, 2006
FED DECIDE NO CAMBIAR TAZA DE INTERES EN SU MAS RECIENTE REUNION
MARRERO REAL ETATE BROKERAGE LLC
JOSE RAUL MARRERO
REAL ESTATE BROKER LIC
UN GRANDIOSO DIA PARA TODOS
AUNQUE NO SOMOS ESPERTOS EN ASUNTOS ECONOMICOS, LES HARE EN UN IDIOMA BIEN SENCILLO DE COMO A MI MODO DE VER SE PUEDE INTERPRETAR ESTA NOTICIA.
EL FED EN VOTACION 10-1 DECIDE NO CAMBIAR LA TAZA DE INTERES ENTRE OTRAS RAZONES POR LA BAJA DEL PRECIO DEL PETROLIO Y EL FRIO MERCADO INMOBILARIO.
ESTOS IMPORTANTES FACTORES ECONOMICOS INFLUENCIAN FUERTEMENTE EN LA POSIBILIDAD DE AUMENTO EN LA INFLACION. AUNQUE EL FED NO DESCARTA TOTALMENTE UN AUMENTO EN LOS NIVELES INFLACIONARIOS EN LOS MESES VENIDEROS, ESTA BAJA DEL PRECIO DEL PETROLIO ACTUA COMO VALVULA DE ESCAPE A LA PRESION DE AUMENTAR LOS INTERESES POR CAUSAS DE INFLACION.
A CONTINUACION EL DETALLE DE LA NOTICIA
WASHINGTON -- Sept. 21, 2006 -- Federal Reserve policymakers left interest rates unchanged Wednesday but cautioned more rate increases could come later this year.
In a 10-1 vote, Fed officials left their target for short-term interest rates, which influence the cost of borrowing for everything from mortgages to credit cards, at 5.25 percent, the highest in nearly six years.
Fed Chairman Ben Bernanke and his colleagues said in their post-meeting statement that the economy was continuing to moderate, in part because of widespread cooling in the housing market. Although inflation measures were still high, price pressures "seem likely to moderate," partly reflecting recent energy cost drops.
But the Fed repeated "inflation risks remain" and said the "extent and timing of any additional (rate) firming that may be needed" would depend on incoming data, suggesting more interest rate increases may be on the way.
"This leaves us in this kind of limbo state about whether the Fed hikes going forward," Lehman Bros. chief U.S. economist Ethan Harris says.
Harris predicts inflation pressures will force the Fed to raise rates twice more in the next six months. But other economists, including those at Moody's Economy.com and Global Insight, say the Fed is done.
The Fed next meets Oct. 24-25.
Lacking a clear signal on rates, investors initially erased some of the gains seen earlier in the session after the widely expected decision. The Dow Jones industrial average later bounced back, ending the day up 72.28 points at 11,613.19.
The Fed's decision Wednesday marked the second consecutive meeting in which U.S. central bankers have left rates unchanged. The Fed raised interest rates 17 times from June 2004 to June 2006 to remove stimulus put in place earlier in the decade and to stem inflationary pressures.
Data have pointed to a recent easing in price pressures, and oil prices are down more than 20 percent from the peak hit two months ago, potentially a positive development on the inflation front. Such declines have led investors to reduce expectations of future Fed action, a development that recently has also led to lower costs of borrowing for some loans, including mortgages. But other borrowing rates, such as for credit cards, are tied to the prime rate, which has not changed from 8.25 percent.
Despite recent declines, the consumer price data are still above where many Fed officials, including Bernanke, have said they would like to see inflation.
Higher inflation readings mean "There is still a very clear risk that we see another tightening," Briefing.com chief economist Timothy Rogers says.
As in August, Richmond Fed President Jeffrey Lacker issued a rare dissent, instead favoring a rate increase.
EN MARRERO REAL ESTATE PODEMOS CONSEGUIRLE LA PROPIEDAD QUE BUSCA CON LOS MEJORES TERMINOS DE FINANCIAMIENTO POSIBLE.
NUESTRA ETICA DE TRABAJO Y SERVICIO DE CALIDAD BUSCA QUE TODOS ALCANZEN SU OBJETIVOS DE UNA BUENA TRANSACCION DE BIENES RAICES.
YA SON MUCHOS LOS QUE HAN EXPERIMENTADO NUESTRO SERVICIO AL COMPRAR O VENDER SU PROPIEDAD CON NUESTRA EMPRESA.
JOSE RAUL MARRERO
MARRERO REAL ESTATE BROKERAGE LLC
787-486-7906
407-436-5140
FAX 407-344-9541
WWW.JOSERAULMARRERO
RAULMARREROJR@YAHOO.COM
TODOS SOMOS GUERREROS DE LUZ!
Copyright 2006 USA TODAY, a division of Gannett Co. Inc., Barbara Hagenbaugh
m
JOSE RAUL MARRERO
REAL ESTATE BROKER LIC
UN GRANDIOSO DIA PARA TODOS
AUNQUE NO SOMOS ESPERTOS EN ASUNTOS ECONOMICOS, LES HARE EN UN IDIOMA BIEN SENCILLO DE COMO A MI MODO DE VER SE PUEDE INTERPRETAR ESTA NOTICIA.
EL FED EN VOTACION 10-1 DECIDE NO CAMBIAR LA TAZA DE INTERES ENTRE OTRAS RAZONES POR LA BAJA DEL PRECIO DEL PETROLIO Y EL FRIO MERCADO INMOBILARIO.
ESTOS IMPORTANTES FACTORES ECONOMICOS INFLUENCIAN FUERTEMENTE EN LA POSIBILIDAD DE AUMENTO EN LA INFLACION. AUNQUE EL FED NO DESCARTA TOTALMENTE UN AUMENTO EN LOS NIVELES INFLACIONARIOS EN LOS MESES VENIDEROS, ESTA BAJA DEL PRECIO DEL PETROLIO ACTUA COMO VALVULA DE ESCAPE A LA PRESION DE AUMENTAR LOS INTERESES POR CAUSAS DE INFLACION.
A CONTINUACION EL DETALLE DE LA NOTICIA
WASHINGTON -- Sept. 21, 2006 -- Federal Reserve policymakers left interest rates unchanged Wednesday but cautioned more rate increases could come later this year.
In a 10-1 vote, Fed officials left their target for short-term interest rates, which influence the cost of borrowing for everything from mortgages to credit cards, at 5.25 percent, the highest in nearly six years.
Fed Chairman Ben Bernanke and his colleagues said in their post-meeting statement that the economy was continuing to moderate, in part because of widespread cooling in the housing market. Although inflation measures were still high, price pressures "seem likely to moderate," partly reflecting recent energy cost drops.
But the Fed repeated "inflation risks remain" and said the "extent and timing of any additional (rate) firming that may be needed" would depend on incoming data, suggesting more interest rate increases may be on the way.
"This leaves us in this kind of limbo state about whether the Fed hikes going forward," Lehman Bros. chief U.S. economist Ethan Harris says.
Harris predicts inflation pressures will force the Fed to raise rates twice more in the next six months. But other economists, including those at Moody's Economy.com and Global Insight, say the Fed is done.
The Fed next meets Oct. 24-25.
Lacking a clear signal on rates, investors initially erased some of the gains seen earlier in the session after the widely expected decision. The Dow Jones industrial average later bounced back, ending the day up 72.28 points at 11,613.19.
The Fed's decision Wednesday marked the second consecutive meeting in which U.S. central bankers have left rates unchanged. The Fed raised interest rates 17 times from June 2004 to June 2006 to remove stimulus put in place earlier in the decade and to stem inflationary pressures.
Data have pointed to a recent easing in price pressures, and oil prices are down more than 20 percent from the peak hit two months ago, potentially a positive development on the inflation front. Such declines have led investors to reduce expectations of future Fed action, a development that recently has also led to lower costs of borrowing for some loans, including mortgages. But other borrowing rates, such as for credit cards, are tied to the prime rate, which has not changed from 8.25 percent.
Despite recent declines, the consumer price data are still above where many Fed officials, including Bernanke, have said they would like to see inflation.
Higher inflation readings mean "There is still a very clear risk that we see another tightening," Briefing.com chief economist Timothy Rogers says.
As in August, Richmond Fed President Jeffrey Lacker issued a rare dissent, instead favoring a rate increase.
EN MARRERO REAL ESTATE PODEMOS CONSEGUIRLE LA PROPIEDAD QUE BUSCA CON LOS MEJORES TERMINOS DE FINANCIAMIENTO POSIBLE.
NUESTRA ETICA DE TRABAJO Y SERVICIO DE CALIDAD BUSCA QUE TODOS ALCANZEN SU OBJETIVOS DE UNA BUENA TRANSACCION DE BIENES RAICES.
YA SON MUCHOS LOS QUE HAN EXPERIMENTADO NUESTRO SERVICIO AL COMPRAR O VENDER SU PROPIEDAD CON NUESTRA EMPRESA.
JOSE RAUL MARRERO
MARRERO REAL ESTATE BROKERAGE LLC
787-486-7906
407-436-5140
FAX 407-344-9541
WWW.JOSERAULMARRERO
RAULMARREROJR@YAHOO.COM
TODOS SOMOS GUERREROS DE LUZ!
Copyright 2006 USA TODAY, a division of Gannett Co. Inc., Barbara Hagenbaugh
m
