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

To: mishedlo who wrote (17587)	12/3/2004 8:21:48 PM
From: Skywatcher	Read Replies (4) \| Respond to of 116555

and then the interest rates.... Fed funds to hit 4.50% by end of 2005: Bear Stearns By Rex Nutting WASHINGTON (CBS.MW) -- The Federal Reserve will need to be more aggressive in raising interest rates next year to combat a surge in inflation, said John Ryding, chief U.S. economist for Bear Stearns. Ryding raised his forecast for the federal funds rate to 4.50 percent at the end of 2005, which would require at least one half-point rate hike in addition to eight quarter-point rate hikes at the nine meetings between now and then. The fed funds rate is now at 2 percent. Ryding said Friday's rally in bonds will be short-lived, with the yield on the 10-year note rising to 5.75 percent by the end of 2005 from about 4.25 percent currently.