Predictions See Fed On Hold For June

Jan. 13, 2005
Don't discount the possibility that a surprise or two during the next two weeks could alter the U.S. economic landscape. The consumer price index due out June 15 and industrial production on June 16 are candidates. But, in a dramatic reversal of earlier ...

Don't discount the possibility that a surprise or two during the next two weeks could alter the U.S. economic landscape. The consumer price index due out June 15 and industrial production on June 16 are candidates. But, in a dramatic reversal of earlier expectations, consensus is growing that Alan Greenspan and his Federal Reserve colleagues will not raise short-term interest rates at their June 27-28 meeting. The U. S. growth rate is moderating and "there are no signs of inflation," judges New York-based Bruce Steinberg, Merrill Lynch & Co.'s chief economist. However, Brian J. Fabbri, chief economist-North America at Paribas Corp., New York, a unit of Paris-based BNP Paribas, believes the tightness in labor markets means inflation is still a threat. His prediction: the Federal Open Market Committee will take a pass in June but then probably boost the federal funds rate again in August.

Popular Sponsored Recommendations

Process Mining For Dummies

Nov. 19, 2023
Here it is. Everything you need to know about process mining in a single book, written in the easy-to-understand, hard-to-forget style that ‘For Dummies’ manages so effortlessly...

3D Printing A More Efficient Factory Floor

Nov. 16, 2023
Today’s additive manufacturing platforms make it simple to print a wide range of high-performing industrial parts as soon as possible and right where you need them — unlocking...

Machine Learning and Predictive Analytics Guidebook for Engineers

Sept. 27, 2023
Leverage Domain Expertise to Drive Optimization – Without Needing a Data Scientist.

Food and Beverage 2024 Trends and Outlook for North America

Oct. 29, 2023
Ready to hear what 200 of your peers said are the top challenges and opportunities in 2024? Don’t fall behind. Uncover actionable insights to better prepare for 2024 in this whitepaper...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!