posted on Mar, 20 2007 @ 01:50 PM
In light of last weeks inflation numbers, it appears the consensus on Wall St. sees the Fed treading water this session, with Bernanke continuing to
jawbone inflation concerns...pretty much the same old, same old. It's anticipated that the next move won't come until they have a clearer picture of
a bottoming in the housing market...possibly by the fourth quarter.
From what I'm hearing out of Greenspan recently regarding recession, and given his history, he might be easing the overnight lending rate now.
Evidently, there's some concern that the Bernanke Fed may get a late start.
Spreading contagion from the sub-slime mortage market, and today's weak building permit data, are expected to contribute to a slowing economy.