US Fed Leak on Rate Hike Suggests a Murky Economic Landscape(Murky=Toast!!)
SputnikNews.com
25.07.2015
On Friday, the US Fed admitted to have mistakenly released its rate hike projections, surprisingly modest and suggesting the regulator is aware of a less optimistic situation in the US and global economy.
Kristian Rouz — On Friday, the US Federal Reserve accidentally released its confidential staff-only projections for this year’s planned increase in US borrowing costs, which turned out to be much more modest than previously speculated. The leak, besides stirring concern on Capitol Hill over the information security of the regulator’s internal communications, also had a short-lived market effect, with yields on US Treasuries briefly dropping.
The US Fed said on Friday its confidential Federal Open Market Committee (FOMC) meeting of 16-17 June were published by mistake on 29 June. Such documents are usually disclosed to the public five years after the original date of event, along with the FOMC meetings transcripts.
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