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NAHB Housing Index

Forex News: Fed's Lacker on the wires. NAHB statistic delayed

Posted by Greg Michalowski on Mon, 06/16/2008 - 12:04pm in
  •  NOTES FIRMNESS IN BUSINESS INVESTMENT
  •  DON'T UNDERESTIMATE IMPACT OF RATE CUTS
  •  DON'T UNDERESTIMATE CONSUMER RESILIENCE
  •  ECONOMY GROWING AT A TEPID PACE
  •  INFLATION EXPECTATIONS NOT ADRIFT
  •  SHOULD FORCEFULLY LIMIT INFLATION EXPECTATIONS
  • ODDS OF A SEVERE DOWNTURN HAS LESSENED

Answers to Q and A session:

  •  FED TO FOCUS ON U.S. INFLATION, NOT ON DOLLAR
  •  ECONOMIC RISKS HAVE DEFINITELY SHIFTED
  •  FED HAS WAITED TOO LONG IN THE PAST TO TAKE BACK MONETARY EASINGS
  •  FX INTERVENTION BY CENTRAL BANKS A MISTAKE
  •  TIMING OF INTEREST RATE CHANGES IS DIFFICULT

In other news, the NAHB has indicated that the release will come out between 1:00 pm and 2:00 PM