Danny Salas

Archive for December 8th, 2009

Chico, CA Interest Rates Market Report – Economic Influences – December 8, 2009

When Bernanke Speaks...

When Bernanke Speaks…

As I mentioned, yesterday, Fed Chairman Ben Bernanke, spoke to The Economic Club of Washington, and his comments helped interest rates plummet by about .75% point to 1.0% point, in cost, in the matter of two days.  Bernanke spoke about a few things:  He mentioned that inflation should remain subdued, the economic recovery will face a tough challenge, or “formidable headwinds,” he mentioned where the economy was headed, how it should get there, and what should happen to avoid another financial meltdown in the future.  Click here to read The Fed’s Full Statement. 

Loose Lips Fisher Speaking

Dallas Fed President Richard Fisher will be speaking today.  He’s currently not a voting member of The Federal Reserve Board, however, he has a reputation of saying things that spur the market.  Often times he’ll state, almost the opposite of other Fed Members.  He has a nickname, in the industry, of “Loose Lips.”

$40 Billion 3-Year Treasury Auction

Stocks are lower due to 3M and McDonald’s showing less than expected numbers, helping the Bond market, and therefore, interest rates.  But, remember, there is a $40 Billion 3-Year Treasury Auction today.  If that performs poorly, rates will suffer.  Again, we have our finger on the lock button, but floating into the morning, would be prudent.

Related Must Reads

Read The Fed’s Full Statement

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