05/01/2006

Futures market is hinting at another hike next week

Hello:

Despite Chairman Bernanke's calming testimony last week regarding the possibility of skipping an interest rate hike at an upcoming FOMC meeting, the futures market is indicating a high probability of an interest rate hike of another quarter percent next week. With mortgage applications becoming fewer, a possible indication of a slowing real estate market, it could be that the first skipped hike might be as early as this summer.

Looking for new donors? Consider asking your current donors for advice. Perhaps they know someone that might benefit from learning about your organization's mission.

Terri G. Millson, CIMA, CIMC President

Ray Dicius, CSA, GEPC LPL Branch Manager