Worldwide Business: “HCS Worldwide” – (US May Cut Rates).

Oct. 8, 2008 - PRLog -- “HCS Worldwide” are thought to be among industry commentators speculating that the next move in US interest rates may be down.

Following months of relative certainty that the Federal Reserve would hike rates in an effort to contain mounting inflationary pressure, recent deterioration in the US banking system may force the Fed Funds rate even lower than the current 2% level according to a source at “HCS Worldwide”.

As the crisis has intensified, the outlook for consumer spending in the US has become a cause of major concern for policymakers keen to buoy the economy.

“HCS Worldwide” have apparently advised clients to seek safety in shares of so-called “defensive” stocks like large utility and pharmaceutical firms as well as commodity funds.

The “HCS Worldwide” source suggested that if rates were cut again, it could signal that the US Government is primarily concerned with growth at the expense of containing inflation.

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