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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: SouthFloridaGuy who wrote (15422)	11/10/2004 3:59:56 PM
From: mishedlo	Read Replies (2) of 116555

Fed signals December rate hike: Refco´s Malpede Wednesday, November 10, 2004 7:44:23 PM afxpress.com Fed signals December rate hike: Refco's Malpede CHICAGO (AFX) -- "The Fed did what was expected and my read is it was an optimistic statement that suggests another rate hike in December," said Mike Malpede, currency analyst with Refco in Chicago, in the wake of the Fed's decision to raise its target to 2 percent. The dollar declined in the immediate wake of the Fed's decision but had since firmed against both the euro and the Japanese yen

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