Excerpt from: Bonds and Interest Rates CFDs and Spread Bets
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| June 29, 2007 | | Spread betting on American interest rates | Spread bets and CFDs should consider that an early cut to U.S. interest rates is unlikely at this point. Even while admitting that inflation had eased somewhat in the U.S. economy, the U.S. Federal Reserve dashed many hopes of an interest rate cut. Spread betting on American interest rates should consider this from the The Times:
As it confirmed that it was again holding its key Fed Funds target rate at
5.25 per cent, the level reached last June after 17 straight increases, the
US central bank conceded that inflation pressures had eased a little. Its
policy-making Federal Open Market Committee abandoned the use of the key
word “elevated” to describe the US “core” inflation, the Fed’s preferred
measure which strips out volatile food and energy costs.
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