Birchtree
Well-known member
Each $10 reduction in oil prices adds about a half percentage point to annualized growth in inflation-adjusted gross domestic product. A stronger economy will contribute to a stronger dollar over time. The ECB fulfilled expectations and left interest rates for the euro zone on hold at a five year high of 3.5%. After minutes indicated Trichet stressed he wouldn't disuade markets from expecting a further quarter-point rise in March. The rates will be at 4% by September. The I fund will still perform inline with averages but don't anticipate a 35% gain this year.