Fri, Jan 19 2007, 14:19 GMT
by HVB Group Global Markets Research
We have revised our Fed forecast and now no longer expect rate cuts in 2007. The target rate will remain unchanged at 5¼% for the entire year. The Fed is increasingly comfortable with the current key rate level. A less fragile growth profile has also made us rethink our forecasts – not least because of lower oil prices. The consequences of our new Fed and oil price forecasts on FX & FI developments are spelled out in this Friday Notes edition.
Published on Fri, Jan 19 2007, 14:18 GMT
HVB Group
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