Randolph Kinney
Elite Member
- Joined
- Apr 7, 2005
- Professional Status
- Retired Appraiser
- State
- North Carolina
Fed's Moskow Hints More Hikes In Store
http://news.morningstar.com/news/DJ/M11/D06/200611061147DOWJONESDJONLINE000392.html
Dollar Stronger As Fed's Moskow Hints More Hikes In Store
[FONT=Trebuchet MS, Arial, Helvetica][SIZE=-1]11-06-06 11:47 AM EST
[/SIZE][/FONT] The dollar gained some ground against major rivals Monday, moving up after Federal Reserve Bank of Chicago chief Michael Moskow warned that more U.S. interest-rate hikes could be on the way to help combat inflation.
The risk of inflation outweighs the risk of economic sluggishness, Moskow said, buttressing his point that it is possible the Federal Reserve may have to keep lifting rates. Moskow will be a voting member of the policy-setting Federal Open Market Committee next year.
Higher interest rates enhance the dollar's standing.
http://news.morningstar.com/news/DJ/M11/D06/200611061147DOWJONESDJONLINE000392.html
Dollar Stronger As Fed's Moskow Hints More Hikes In Store
[FONT=Trebuchet MS, Arial, Helvetica][SIZE=-1]11-06-06 11:47 AM EST
[/SIZE][/FONT] The dollar gained some ground against major rivals Monday, moving up after Federal Reserve Bank of Chicago chief Michael Moskow warned that more U.S. interest-rate hikes could be on the way to help combat inflation.
The risk of inflation outweighs the risk of economic sluggishness, Moskow said, buttressing his point that it is possible the Federal Reserve may have to keep lifting rates. Moskow will be a voting member of the policy-setting Federal Open Market Committee next year.
Higher interest rates enhance the dollar's standing.