Monday, Jun 04, 2007
Yet more signs of an ongoing Global inflation problem and rising interest rates
Bloomberg: Fed Faces Pressure to Raise Rates
Options on Federal Fund futures at the Chicago Board of Trade indicate a 41 percent chance the central bank will lift its target rate for overnight loans between banks to 5.5 percent from the current 5.25 percent, according to data compiled by Bloomberg. A month ago, they showed no expectations for an increase.
Posted by c'mon correction @ 03:33 PM (133 views) Add Comment
2 Comments
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1. Pr said...
This will raise pressure for the UK to raise interest rates, an equal interest rate in the UK and US will reduce the value of the pound, increasing inflation here by increasing the cost of imports. Could we see competitive rate rises? Nobody wants high rates in the short term, but nobody wants to be the lowest rate when prices are rising globally.
2. mrmickey said...
It's like a game of poker the Euro zone are also under pressure to raise rates who's going to blink first.