S&P fallout: Fannie and Freddie downgraded
[url]http://money.cnn.com/2011/08/08/news/economy/sp_rating_ripple_effect/index.htm[/url]
NGÀY MAI SẼ VÔ CÙNG HỆ TRỌNG DO FOMC HỌP
Time to make REAL BIG BUCK:
[url]http://blogs.marketwatch.com/thetell/2011/08/08/fomc-meeting-tuesday-is-more-important-than-ever/[/url]
[I]"The Federal Open Market Committee will meet Tuesday and strategists at Brown Brothers Harriman expect the FOMC to “respond to evidence of a slowing of the U.S. economy.”
In a note to clients Monday, the BBH strategists said the bar to a third round of quantitative easing is high and pointed out that Federal Reserve Chairman Ben Bernake outlined four policy options in April for the Fed:
Purchase more assets
Structure the Fed balance sheet differently
Cut the rate on excess reserves
Provide more guidance to keeping rates low for the long term
The FOMC “will likely downgrade its assessment of the economy and lower its GDP forecast for this year and next,” BBH strategists said. But “expect the policy response to take the form of explicit language assuring investors that rate changes will not be forthcoming and may even define a period.”
The Fed could also decide to extend their securities portfolio from shorter maturities to longer maturities, with the intention of inducing a flatter yield curve, the strategists said, and it could announce an “explicit” yield target for specific maturities.
-Myra Saefong"[/I]