I am really surprised that mainstream www.marketwatch.com issued a story like this one !! http://www.marketwatch.com/news/sto...x?guid={1A9E8220-96FC-4721-BB29-CD8D5FB26CF6} Preparing sentiment for a rate cut, what ?? ha, ha
the artice starts with - Prices are rising Do you really thinks it's preparing to a rate cut? Today dollar will probably hit a new low to Euro. Real inflation is around 10%. Rate cut will be devastating. Beiing on hold is devastting. Economy cant rely on a consumer anymore. Real median income is 20% lower than 30 years ago. What drove economy is low interest debt - it's over now for US
Not a good report but with inflation where it is and the $ already under extreme pressure not sure they will cut. The increase in bond yields recently (apart from recent I think short lived rally) have I think shown us where long rates are going into the winter
No cuts will happen this year....raises however will be lucky to occur after the last go-around. Hate to make the markets upset....*maybe* rates go higher at the end of the year, but that's about it...