Monday, July 17, 2006

Another thing to watch out for this week

I neglected to mention in the Weekly Preview that Ben Bernanke is also speaking in from of Congress Wed and Thursday. Given that this coincides with the release of the PPI and CPI data, there will be quite a bit of focus on inflation and rates. Expect the dollar to decline and the market to strngthen if Bernanke suggests rates could pause in their hikes.
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