If there wasn’t a looming recession in the US, market analysts, economists and other urgers would be baying for the Fed to lift rates after the country’s consumer price index produced the biggest annual rise in inflation for 17 years, writes Glenn Dyer.
Core inflation
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
Fed chops US growth forecast
The US Federal Reserve has chopped back its 2008 forecast for American economic growth, holding out the possibility that the economy could slow to stalling speed in the first half, writes Glenn Dyer.
Investment banks predict an interest rate rise
Investment Bank, JP Morgan has made a big call saying in its note to clients today that it thinks the Reserve Bank will raise rates next month, writes Glenn Dyer.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
The Economy: Fed leaves rates on hold, do not declare victory
Overnight the US Fed left interest rates unchanged. Its words, however, show the Fed remains vigilant against inflation, ready to mop up excess liquidity in the US financial system.
