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Essay / Research Paper Abstract
This 2 page paper argues that the Federal Reserve will not raise rates in December of 2005 and explains why. Greenspan's retirement is discussed. Bibliography lists 2 source.
Page Count:
2 pages (~225 words per page)
File: RT13_SA545no.rtf
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Unformatted sample text from the term paper:
anger some. Many analysts and ordinary people are waiting for the increases to stop. They are however afraid that Greenspan will continue to raise rates until the end of his
tenure. At least, that is the consensus, but not everyone agrees. In fact, many columnists and economists have interpreted things that were said, but that does not mean that their
interpretations will pan out. In fact, one might interpret what was said and done in quite the opposite manner. In essence, the likelihood that Greenspan will raise rates in December
is small. Why, when everyone is predicting he will continue on his chosen path, can one say that it will stop? First, it should be noted that the economy has
rebounded nicely since Katrina, but people have short memories. Not too long ago, it was claimed that Katrina would take its toll on the economy and halt interest rates (La
Monica, 2005). Hence, not raising rates is a possibility during any month. La Monica (2005) writes: "Before Katrina, many market strategists and economists believed that the Fed would stick to
its so called "measured" pace and raise rates by another quarter of a percentage point at each of its remaining three meetings this year in order to ward off inflation.
All bets may be off now though, given the disruptive effect that Katrina may have on the economy nationwide" (2005). Cleary, the trend was there. The Fed would raise rates
in October, November and December. That had been the plan all along, but then Katrina came along and people were not so sure. If the plan could turn on a
dime, then it is not a given that December and January will hold an increase. Things could change again. What Greenspan does is anybodys guess. The problem with suggesting that
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