Monday Market Commentary: Back at It

by Alex Stenback on June 5, 2006

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                                                        Graphic Courtesy MSNBC

Last Week

Fed minutes, which revealed some members wanted a 50 basis point (.5%) hike last time around, sent rates up.  Then, on Friday, a week jobs report sent them back down.  Granted, we are only talking about .25% swings in rate here, but this is par for the course as the entire financial world tries to guess when/if the Fed will pause the interest rate hikes.
This Week
Very little on the economic calendar other than a handful of second tier data releases.  Barring any unforseen events, we should be in for a quiet week with little change in rates.  Of course, now that we’ve written that, the market will promptly set off on a course of rumor-driven volatility as everyone tries to predict what the Fed will do.  Wasn’t Bernanke supposed to be more, rather than less clear about his intentions?
This Week’s Economic Calendar [barrons.com]

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