The Fed fund futures market expectations of a rate
hike continue to diminish after today’s modest rise in the
University of Michigan’s consumer sentiment index.
Markets are currently pricing in an 88% chance of no rate hike for the
Sept. 16 meeting. This is a 2% increase from yesterday’s 86% reading and
4% rise from last week’s result.
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Greenspan said that he expects housing prices to begin to
stabilize in the first half of 2009 although they could continue
to drift lower for quite some time thereafter, even after essentially
reaching bottom.
Greenspan, however, is not changing his long-standing belief that
Freddie Mac and Fannie Mae represent the root of all
evil…
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The hourly pattern argues that in and around the 77.00 area, the downleg in the streetTRACKS Gold Shares…
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When I first started this blog, the reason was as much to create my own personal…
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Last week, the consumer price index proved that inflation is heating up and…
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Heres a couple of other ideas for my beloved readers. Speaking of…
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The downside risks to growth have recently risen and the economy is
expected to be “extremely sluggish” in 2008, according to one Fed
official on Friday.
Chicago Fed President Charles Evans (non-voter) said
the U.S. economy faces a triple-front threat as growth risks are on the
rise, inflation is “unsettingly high” and financial markets remain in
turmoil amidst depressed housing and auto markets.
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Big news Thursday for Solars…This would be a good time to look at the Triangles for…
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I know there are many stock pickers out there who never thought they would put on…
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A few days ago, I speculated that: Gold would rise shortterm Oil would rise…
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