mercoledì 20 febbraio 2008

Bicchieri mezzi pieni: quando il prezzo del petrolio frena gli stampatori di moneta

Il prezzo del petrolio aumenta: evviva, è rimasto l' unico spauracchio contro politiche monetarie disinvolte.

The expected fed funds rate implied by the April fed funds futures contract shot up 7-1/2 basis points Tuesday. Whereas traders last Friday were anticipating an average fed funds rate of 2.415% for April, Tuesday's closing price brings that up to 2.49%. Now, if you really try, you can still fit that last little nugget into your inflation meme. Say, traders know that $100 oil will scare the Fed into worrying more about inflation so Bernanke will have to slow down lowering rates. Or something.