Wednesday, August 31, 2005

Fed Unlikely to be Aggressive

In hindsight of Katrina, the September fed fund futures rose slightly to 96.40. It still suggests that the Fed will likely raise rates to 3.75% in September 20th meeting, however the likelyhood of 50 bps has fallen. I doubt an aggressive move is necessary. However, those disturbing gas prices will likely impact inflation and thus, our economy.


At 5:53 PM, Anonymous QUALITY STOCKS UNDER 5 DOLLARS said...

The fed creates more problems than it solves.


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