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Tuesday, August 15, 2006

US Figures discuss

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These US figures are kind of poison for the US rate outlook.
Empire Manufacturing really weak and showing that the FED was right to expect
a cooling economic activity from here.
The PPI figures are showing that inflationary pressures are not a big deal currently and that
the FED was doing the right thing when it didnt hike at the last meeting.
Good for fixed income and Stocks.
BAD FOR USD

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