15-MAR-10Europe Sterling Weakens vs. Euro, Dollar Sterling weakened against major currencies after a poll suggested the U.K. election will produce a government without a parliamentary majority.
12-MAR-10United States Credit-Spread-Led Equity Rally Boosts Consumer Spending Other than one important exception, most broad measures of corporate credit risk premia are now well under their respective peaks of the recessionary episodes of both 2001-2002 and 1990-1991.
Unless the foreign exchange and Treasury bond markets demand otherwise, the FOMC will keep fed funds in a range of 0% to 0.25% until an extended drop in credit losses can be predicted with confidence.