View Single Post
Old 06-17-2011 | 02:32 AM
  #68260  
acl65pilot's Avatar
acl65pilot
Happy to be here
 
Joined: Jun 2006
Posts: 18,563
Likes: 0
From: A-320A
Default

I am too lazy to look my prediction up, but a few months back I figured it would be in the upper 70's to low 80's by late fall. I suspect the Fed will raise interest rates by a quarter to a half point which will further solidify oil's price reduction.

Yes, the US Government does not want to raise rates,(they will pay more on their debt) but almost everyone agrees that inflation is there, and the rates need to be adjusted accordingly.