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Interest Rate Prediction
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June 14, 2005 LOS ANGELES -- This week's economic
calendar has a full schedule. Last week, Alan Greenspan wrapped up the week with
a humdrum testimony before congress, which some expected to bump
interest rates (it didn't), but aside
from that things were relatively quiet in Washington. By way of compensation
this week may offer a few surprises which could jar home loan
interest rates
upwardly a bit.
This week I believe rates will be a bit more volatile partly because Tuesday's
anticipated Retail Sales and Producers Price Index. Then, on Wednesday, the
Consumer Price Index numbers will come-forth. The bottom line is that if either
of these reports exceed the prognostications of investors, we can foresee
rates will be on the
move. By on the move I mean higher.
In addition, the Federal Reserve's Board of Governors will continue its campaign
to straighten-out overall consumer economic perception across America by roving
around the country edifying blundering words made by Fed Chairman Alan Greenspan
last week. - Forecast by
Stockton Marquette;
Mortgage and Home Finance Industry Columnist.
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