Dollars and Jens
Thursday, June 01, 2006
What will the fed do?
I read the minutes of the last FOMC meeting, and I have to say, if I fully believed the things they seem to believe, I think I'd be hankering to raise rates again.

The options, as of close yesterday, suggest that as the most likely path, but give an 11% chance that rates after the August meeting will be 25 bp lower than now.

It's data-dependent, as they say.

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