Well, it was like waking up on Christmas day and finding all the presents you’d asked for downstairs. Nice but … well .. quite dull. So Ben Bernanke and his crew at the Fed decided to raise rates by 25 points, not nice for borrowers, but no real surprise. We expect that the market...
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UK stocks were at their highest for six weeks on Thursday with Banking and mining stocks leading the way after an early rally on Wall street. The London market closed before the Fed’s interest rate announcement, the mood finished positively – but apprehensively. According to Reuters some strategists are unconvinced by the upward move...
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It’s a strange world – the world of writing for a newspaper or journal. First there’s your youthful enthusiasm for ‘the truth’, then there’s your editor banging on the table – or more likely your PC – demanding more column inches – NOW! So what’s a poor hack to do? Well of course we...
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We wonder if Ben Bernanke got any sleep last night. Though Mr Bernanke has had an illustrious career to date, no one can be in any doubt that today will be the most important day of his life. The markets and indeed the world wait with baited breath to hear from Mr Bernanke. Hyperbole?...
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A few weeks back the market sentiment was that the Fed would slow down its onslaught of gradual rate increases by skipping any increase this month at the 29th June meeting. However, over the last few weeks it seems that Fed officials have began preparing the ground, not only for an increase, but likely...
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