Fed Meeting Press Release Changes for November 2009
Posted by Doug Rice on Wed, Nov 04, 2009 @ 11:30 PM
The Federal Reserve bascially kicked the can down the road with their announcement after the November 4, 2009 meeting. They only made minor changes to the language, as you can see below, and the only thing they made crystal clear is that they don't see inflation on the horizon.
FOMC meetings offer opportunity to not just talk about financial markets but also critical thinking and learning new skills. If you took the last statement and used Word to compare it to this statement, you would see exactly what has changed. Viewing the information in this way not only eliminates the middle man and their filter or bias, but also provides a faster more productive way to see what has changed.
Many financial analysts use this comparison method to see what changes quarter over quarter in company statements. You can use it in your work as well. Any document that gets updated regularly can be copy/pasted to see what the differences are. It's faster and more accurate than trying to remember or figure out what changed.
To do this open Word, go to Review tab, then Compare. Select the two docs and viola! Really helpful in some situations.
Here's the result of today's meeting vs. the meeting from September 23, 2009:
