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

To: Knighty Tin who wrote (14727)	11/3/2004 12:35:38 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 116555

Someone got a mandate. Na na na na na. lol

To: Knighty Tin who wrote (14727)	11/3/2004 12:55:34 PM
From: mishedlo	Respond to of 116555

Merrill sees Fed hiking rates Nov. 10, then on hold Wednesday, November 3, 2004 4:43:08 PM afxpress.com NEW YORK (AFX) -- Merrill Lynch continues to believe, following the apparent re-election of President Bush, that the Federal Reserve will raise overnight interest rates at the conclusion of its policy setting meeting on Nov. 10, but then leave policy on hold "for an extended period," given expectations that economic and profit growth will slow in 2005. Merrill left its 2005 gross domestic product growth forecast unchanged at 3 percent, which is more than 1 percentage point below the current growth rate. Profit growth is expected to remain "pretty strong," but decelerate to 10 percent in 2005 from 18 percent in 2004. Chief North American economist David Rosenberg said Pres. Bush will have "near zero fiscal flexibility to stimulate the economy," after being left with a large budget surplus in 2000