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Benchmark T-note May Hit 5%

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US - 5% rates by May ??

Can't wait to see the voting patterns at the next BOE meeting.


The January employment report virtually locks in the likelihood of another interest rate increase when the Federal Reserve meets again on March 28. Moreover, the report increases the odds that Fed Chairman Ben Bernanke will deliver hawkish testimony when he appears before the House Financial Services Committee on Feb. 15 to deliver his first semiannual monetary policy report to Congress. The fed funds rate now appears likely to reach 5.0% following the May 10 FOMC meeting.

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Everything is relative. Talking of relatives - someone very close to me died a year ago tomorrow - and I have been out raising a glass to his memory with our old friends.

Pissed I am afraid. Sorry for such drivel.


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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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