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
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