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The doves are flying circles around the hawks
Perspectives Content Submission
Wed, 1 Feb 2012
Most of the members of the Federal Open Market Committee (FOMC) of the Federal Reserve (the Fed) remain concerned about the level of economic growth and inflation over the next few years. The Committee expects growth to be modest over coming quarters which appears to be a downgrade from moderate. A…
TheFed's commitment to keep rates low for years may have diminished interest - rate risk for Treasury investors, but inflation could still swallow up returns, says Morningstar's Eric Jacobson.
There is a wide range of forecasts for fourth-quarter GDP--set to be released Friday morning--but anything below 1.8% will give the market fits, says Morningstar's Bob Johnson.