AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Sluggish Factories, Fed In '8th Inning,' Spur Market Rally; Crude Jumps 5% to $54.60; Bond yield sinks to 3.9% on ISM index's 2-yr nadir, talk of end to rate hikes.(A)
Byline: CHRISTINA WISE
Manufacturing barely grew last month, though that was better than some had feared. Along with Fed comments suggesting rate hikes may be coming to a close, financial markets rallied, shrugging off surging oil prices.
The Institute for Supply Management said Wednesday that its factory activity index fell to 51.4 in May from 53.3 in April. That was its sixth straight decline and the lowest since June 2003.
Though that missed official estimates, some traders had feared a sub-50 reading, signaling industry contraction.
Meanwhile, Dallas Federal Reserve President Richard Fisher told CNBC that Fed tightening is "in the eighth inning," with the "ninth inning" at the Fed's June 29-30 meeting. The Fed has hiked rates at its last eight meetings.
The one-two punch around 10 a.m. EDT triggered a stock and bond rally.
A diesel-fueled oil rally -- up $2.63 to $54.60 a barrel -- pared gains, but stocks closed strong.
- FED RATE HIKES MAY NOT END SOON.(MoneyWise)
- Newspaper article from: The Cincinnati Post (Cincinnati, OH) January 17, 2006 700+ words
...sure about when rate hikes will end or what...for stocks. The Fed minutes dropped...the minutes said Fed policymakers differed...how many further rate hikes may be needed...of 'measured' rate hikes the Fed has provided in...
- Fed Inches Toward Faster Rate Hikes.(Federal Reserve Board)
- Newspaper article from: Kiplinger Business Forecasts Idaszak, Jerome March 22, 2005 700+ words
...inflation pressures. Fed officials are ready...shift to half-point rate hikes in the second half...until May 3. If the Fed were to shift to half-point rate hikes, it could happen...grow faster, the Fed said in January 2004...in moving toward rate hikes. In May ...
- After 17 straight rate hikes, Fed weighs a pause; Tuesday's decision may be...
- Newspaper article from: The Christian Science Monitor August 7, 2006 700+ words
...now, and the interest-rate hikes haven't ceased yet...raising expectations that the Fed may decide Tuesday that...to pause from interest-rate hikes is not a slam dunk, however...slowed yet, and a new Fed chief typically faces pressure...
- Fed's interest-rate hikes may add to President Bush's economic woes.
- Newspaper article from: Chicago Tribune (Chicago, IL) June 30, 2004 700+ words
...economists say the interest rate hikes probably will not derail...strategy, signaling that the Fed plans to push interest...interest rates. With the rate hikes that are expected, they...Most analysts expect the Fed to raise interest rates...
- With Fed's rate hikes (maybe) over, bank stocks rise; The possibility the Fed...
- Newspaper article from: Star Tribune (Minneapolis, MN) Lee, Thomas May 17, 2006 700+ words
...and mortgages. But the Fed's rate hikes have squeezed banks...halting its interest rate hikes. However, that could...inflation changes the Fed's thinking. Indexed...Federal Reserve weighs more rate hikes. Consolidation rumors...
- Fed officials indicate rate hikes nearing end.(Business)
- Newspaper article from: Manila Bulletin April 15, 2006 700+ words
...program of interest rate hikes, although not at...in inflation. Two Fed governors indicated...Angeles that the Fed is getting closer...string of interest-rate hikes. "Weare closer...implementation of rate hikes and their impact on the economy, the Fed needs to be ...
- Fed implies rate hikes are nearing their end.
- Newspaper article from: Chicago Tribune (Chicago, IL) December 14, 2005 700+ words
...the farm on the end of rate hikes," cautioned economist...anticipated increase the Fed announced Tuesday afternoon...very near, what the Fed considers a neutral level...appears solid," the Fed statement said. But...measured policy firming" (rate hikes, that is) will likely...
- Fed pauses on interest rate hikes.
- Newspaper article from: Pittsburgh Post-Gazette (Pittsburgh, PA) August 9, 2006 700+ words
...disappointing jobs report. Noting that the Fed mentioned rising inflationary pressures...leaving the door wide open to further rate hikes if concerns about faster inflation...Mr. Hoffman said. Indeed, the Fed said economic growth had "moderated...
