Bond Outlook [by bridport & cie, June 7th 2006]
First it seemed that the Fed would take a break from raising rates in June as the hikes to date had done enough to moderate growth and calm inflation. Now, various Fed officials are re-emphasising the need to fight inflation, and a June rate rise is priced into the market. This has had a marginal positive impact on the USD, but that may be temporary, as a slow down in the US economy seems inevitable. |
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