28.06.00 ... und die Zinserhöhung kommt!!! - 500 Beiträge pro Seite

[Primanota]

Fed`s Broaddus Sees Need for Rate Rise ("Broaddus... sieht die Notwendigkeit von Zinserhöhungen")

Jun 15, 5:42am ET

VIENNA, Austria (Reuters) - Federal Reserve Bank of Richmond President Alfred Broaddus said on
Thursday there was still a clear need for U.S. interest rates to rise despite tentative signs that the
10-year economic expansion was starting to slow.

`The apparently higher trend productivity growth in the U.S. economy...requires higher real interest
rates to maintain macroeconomic balance,`` Broaddus told the Austrian National Bank`s annual
economics conference.

``In order to prevent a re-emergence of inflationary pressures and, in doing so, to sustain the
expansion, U.S. monetary policy must allow short-term real interest rates to rise.``

The central banker said expectations of higher future income was leading to increased demand from
households and businesses which could not yet be matched by increased output.

``This mismatch between expected future resources and currently available resources, in my view, is
the principal factor creating the present aggregate demand-supply imbalance in the U.S. economy.``

Broaddus is a voting member of the Federal Open Market Committee which next meets June 27 and
28. The Fed has raised interest rates six times in the last year in an attempt to curb inflationary
pressures from the longest economic expansion in U.S. history.

He said the need for ``rate increases`` seemed clear and added that the magnitude and timing would
be aimed at reaching aggregate supply-demand balance.

``In principle, of course, we want to allow rates to rise to the level where the growth in aggregate
current demand equals the sustainable growth in productive capacity.``

Federal Reserve Bank of Kansas City President Thomas Hoenig said in Kansas City on Wednesday he
saw some signs of a U.S. economic slowdown, but needed more evidence to conclude it was definitely
decelerating.

Meanwhile Robert Parry, head of the Federal Reserve Bank of San Francisco, said in San Diego on
Wednesday he still saw inflationary pressures but was cautiously optimistic that growth was slowing in
the world`s largest economy.

Gross domestic product growth has equaled or exceeded four percent in each of the last four years
and was running at an annual 5.4 percent in the first three months of this year.

``These are exceptionally high growth rates at what is presumably an advanced phase of this
expansion,`` Broaddus told delegates at the conference in Vienna.

He said there were tentative signs that the expansion was starting to slow but added that an
inflationary process may be about to begin now mainly due to tight labor markets causing wages to
rise more rapidly than productivity.

``Trend productivity growth at this higher rate (2.5-3.0 percent currently) would imply that the
economy`s `speed limit` -- its maximum sustainable, non-inflationary growth rate -- is now in the
neighborhood of 3.5-4.0 percent.``

The Fed`s so-called Beige Book, a coast-to-coast survey of economic conditions, released on
Wednesday, showed ``solid economic growth`` but with glimmers of slowing in areas like borrowing
and homebuilding.

``Indications of worsening price inflation, while not widespread, are reported by several districts,`` the
report said.

[dakinky]

Wer hat denn gesagt, daß sie nicht kommt ???
Ist doch nichts Neues, oder?

[tschakawaka]

Gehe ganz realistisch von + 25 Basispunkten jetzt oder im August aus!

Wenn die Erhöhung erst im August stattfindet (was ich aber nicht so
sehr glaub, eher gleich), dann könnts kurzzeitig GRANADA spielen !

Schaun mer mal!

cu tschaki

P.S.
Für die BÖRSE (also auch für die , die an der Zinsschraube drehen "dürfen") AM ALLERBESTEN:

Erhöhung im AUGUST!!! Alle sind zufrieden, da doch eine Zins-
erhöhung ( = Sicherheit im Markt, da wohl keine weitere Erhöhung, eher sogar REDUZIERUNG später!!!), Gewinne laufen weiter; neuer US-Präsident
wird gewählt...

Also DAUMENDRÜCKEN für Zinserhöhung !!! ERST !!! im August!

[tschakawaka]

But, well, was heisst das für uns Börsianer bis zum

28. Juni?!?

Einsteigen, abwarten,...?!? -

schlußendlich schon zum 2. MAL!!! innerhalb von 2 Monaten den
Zug verpassen??? (siehe grössten wöchentlichen Prozentzwachs an der NASDAQ vor einigen Tagen!)!

Also, Meinungen?

cu tschaki

[ChartJunkie]

Das könnte heißen, dass man sich auf jeden Fall absichern sollte...