A prediction that feds are almost done and overnight futures surge, eclipsing a warning from Ford. Of course, if the feds are considering halting rate hikes it's because things are not so hot. We could get a pop and drop. But don't fight the tape. Watch oil inventories at 7:30 PST.
June 22 (Bloomberg) -- The Federal Reserve will raise interest rates one or two more times and then stop because inflation is in check, said Paul McCulley, a managing director at Pacific Investment Management Co., which runs the world's biggest bond fund...
U.S. manufacturing is slowing ``sharply'' McCulley said.
Record oil prices may help slow global economic growth, McCulley said... ``We have turned to a much slower growth trajectory."
``High oil prices will stay,'' he said. ``Demand is growing robustly particularly in Asia. The world can handle this level of high oil prices, but if it were to move higher in a rapid fashion, it will be negative to global economies.''
June 22 (Bloomberg) -- The Federal Reserve will raise interest rates one or two more times and then stop because inflation is in check, said Paul McCulley, a managing director at Pacific Investment Management Co., which runs the world's biggest bond fund...
U.S. manufacturing is slowing ``sharply'' McCulley said.
Record oil prices may help slow global economic growth, McCulley said... ``We have turned to a much slower growth trajectory."
``High oil prices will stay,'' he said. ``Demand is growing robustly particularly in Asia. The world can handle this level of high oil prices, but if it were to move higher in a rapid fashion, it will be negative to global economies.''
This entry was posted
on Wednesday, June 22, 2005 at 2:42 AM.
