Intraday Market Thoughts
Archived IMT (2008.09.12)
Sep 12, 2008 14:10
US retail sales dropped 0.3% in August while PPI fell 0.9% decline in August PPI, suggesting that inflation pressures may be heading in the same direction as economic growth, supporting my consistent calls (since May) that the Fed will continue easing interest rates later in the year (see my article in MEDIA ZONE) which contested the majority of market pundits' predictions for incoming rate hikes.
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