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Follow on Google News | Interest Rate Swap Advisors Cardea Partners Provide Economic Update January 24, 2011The first FOMC meeting of the year does not approach with any expectation for a shift in policy or an expansion of quantitative easing for 2011
By: Cardea Partners The first FOMC meeting of the year does not approach with any expectation for a shift in policy or an expansion of quantitative easing for 2011, but the new year brings a change in voting members to the committee, and analysts consider the 2011 bunch to be slightly more hawkish. If inflation accelerates or energy and food prices continue to be volatile, follow the statements closely and look for the rate-rise seeds to be planted. $99 billion in Treasury notes will be auctioned mid-week in the belly of the curve at 2-, 5- , and 7-year maturities. The consensus for new home sale is 300k units on an annualized basis, the expectation for durable goods is an expansion of 1.5% (based on positive manufacturing surveys of late) and indicators for consumer sentiment and confidence are expected to improve slightly from November levels. # # # Cardea Partners is a derivatives and debt advisory firm serving the unique needs of corporate, real estate, Native American, not-for-profit, and municipal entities. Registered with the Securities and Exchange Commission (SEC) and Municipal Securities Rulemaking Board (MSRB) as municipal advisors, our firm is comprised of highly experienced derivatives professionals, sharing a combined 45 years in the industry and having executed over $1 trillion notional in derivative contracts. Our time spent on the trading floors of major financial institutions allows Cardea to stand beside our clients with comprehensive insight into their banking relationships and the market of products available to manage exposures and limit expenses. End
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