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

To: mishedlo who wrote (42045)	12/1/2005 12:34:49 AM
From: CalculatedRisk	Respond to of 116555

I disagree with that article. I see no indication of moving away from the "measured pace" approach ... and I believe the FED will give advance notice of when they will stop the 25 bps approach. From the Nov 1st meeting: "... the Committee believes that policy accommodation can be removed at a pace that is likely to be measured." Something dramatic would have to happen to budge the FED off their plan - nothing has happened so far. Also, this sentence is incorrect: "The overriding view is that there are only two more rate hikes to go, on December 13 and January 31, each 25 basis points, and that's it for this tightening cycle." Check out Dr. Altig's post - the market clearly expects at least 3 more 25bps moves: macroblog.typepad.com