(Reuters) - Worries that the U.S. central bank would keep the federal
funds rate at 5.25 percent throughout 2007 were heightened on
Tuesday by comments from Richmond Fed President Jeffrey Lacker
that he was happy with interest rates at the current level.
"Lacker poured cold water on the notion that the Fed is
going to eventually ease from here. The back up in interest
rates both in the long and short end reflect the change in
anticipation of the Fed being still on hold," said Bill
Schultz, chief investment officer, McQueen, Ball & Associates
Bethlehem, Pennsylvania.
Read more at Reuters.com Bonds News
funds rate at 5.25 percent throughout 2007 were heightened on
Tuesday by comments from Richmond Fed President Jeffrey Lacker
that he was happy with interest rates at the current level.
"Lacker poured cold water on the notion that the Fed is
going to eventually ease from here. The back up in interest
rates both in the long and short end reflect the change in
anticipation of the Fed being still on hold," said Bill
Schultz, chief investment officer, McQueen, Ball & Associates
Bethlehem, Pennsylvania.
Read more at Reuters.com Bonds News
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