Should Greenspan pause now?
Sep 3, 2005 1:42 pm
lost jobs: 1,500,000 +
consumer spending: down
US exports: down
energy crisis in full swing
This would be a perfect excuse to pause from increasing rates. What do you
think?
Sep 3, 2005 8:35 pm
I would pause until the full effects of Katrina are known.
However, higher oil prices are going to translate into higher prices for eveything else; thus, causing a jump in inflation. And we all know that inflation is Greenspan's bogeyman. Will this, in turn, force Greenspan to raise rates? Who knows.
Sep 4, 2005 5:40 am
My guess is that the fed will pause and review the new data before they raise the rates.
They could always raise rates .50 @ the next meeting
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