The Fed: “Modern, Senstive” About “Costs”
The Federal Reserve is a modern, sensitive central bank that likes to communicate how it feels. Its well-telegraphed signals to the market leave virtually no doubt that it will execute a 13th consecutive quarter-point increase in its benchmark interest rate this week;…
“It will be a very positive development for equity markets.”
John K. Lynch, market analyst, Evergreen Investments.
Conrad De Aenlle, “The Fed Wears Its Feelings on Its Sleeve,”
…Voting 234 to 197…the House approved $56 billion in tax cuts over five years, one day after it passed other tax cuts totaling $39 billion over five years. The biggest provision would extend President Bush's 2001 tax cut for stock dividends and capital gains for two years at a cost of $20 billion. …Tax analysts agree that the overwhelming bulk of dividends [“costs”] goes to the top 5 percent of income earners. The big challenge for Republican leaders in Congress will be hammering out a House-Senate accord.
Edmund L. Andrews, “House Completes Vote on Tax Cuts for $95 Billion,”
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