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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (4231)	4/13/2004 11:37:12 AM
From: mishedlo	Respond to of 116555

Market sees Fed rate hikes starting in August Tuesday, April 13, 2004 3:10:35 PM WASHINGTON (AFX) -- In the wake of strong job growth and retail sales in March, U.S. financial markets are now predicting the Federal Reserve will begin to raise interest rates in August. The federal funds target rate, now at a 46-year low of 1 percent, will likely rise to 1.75 percent by the end of the year, according to fed funds futures contracts at the Chicago Board of Trade. The odds of a rate hike by the end of August rose to 100 percent from 86 percent earlier, based on the price of the August contract. The odds of a third rate hike by December rose from 26 percent to 66 percent after the strong retail sales report. fxstreet.com

To: Tommaso who wrote (4231)	4/13/2004 11:41:31 AM
From: yard_man	Respond to of 116555

that's fine -- what I am saying is that the similarity which bobcor mentioned was not something one could consider until recently -- because you couldn't see it -- especially the bear market rally he refers to and the trend in interest rates -- I was looking specifically at what he said -- those two elements put together with the rest are a lot more than simply recognizing Nazdaq 5000 was a bubble.