[lbo-talk] FOMC kicks it up again

[Mark S]

I guess the Fed wasn't comforted by today's release of calmer second-quarter 
gross compensation cost data (3.5% growth) implying negative real 
compensation growth.  Some analysts feel that the high compensation growth 
rates of the previous three quarters (6.9%, 10.2%, 6.1% SAAR) were mainly 
due to bonuses and stock options.  I had assumed that health care expenses 
were the culprit...

M.
>
>[not much surprise here...]
>
><http://www.federalreserve.gov/boarddocs/press/monetary/2005/20050809/default.htm>
>
>Release Date: August 9, 2005
>
>The Federal Open Market Committee decided today to raise its target for the 
>federal funds rate by 25 basis points to 3-1/2 percent.

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