Wachovia’s Special Commentary by John Silvia: FOMC Meeting – March 18, 2008

Going for Growth—or at least some positive momentum is the goal. Today, the FOMC cut the funds rate by 75 basis points. Our view is that the economy is currently working through the recession. Yet inflation remains above the Fed’s perceived inflation range—note the dissents! Credit issues remain a critical drag on the economic outlook.

Click for the full report. Going for Growth—or at least some positive momentum is the goal. Today, the FOMC cut the funds rate by 75 basis points. Our view is that the economy is currently working through the recession. Yet inflation remains above the Fed’s perceived inflation range—note the dissents! Credit issues remain a critical drag on the economic outlook.

Click for the full report.

Wells Fargo Securities Economics Group publications are produced by Wells Fargo Securities, LLC, a U.S broker-dealer registered with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority, and the Securities Investor Protection Corp. Wells Fargo Securities, LLC, distributes these publications directly and through subsidiaries including, but not limited to, Wells Fargo & Company, Wachovia Bank N.A., Wells Fargo... More