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Treasuries declined about 1 ½ points, perhaps the result of consumer confidence unexpectedly rising to the highest level in three months. Analysts had expected a decline. The gauge of current conditions climbed to the highest level this year while ...

Consensus is expecting the FOMC to lower the overnight rate by 0.25%. Is such necessary? Recent data is suggesting one of growing strength not weakness. As noted Guggenheim stated yesterday that it thinks the Fed should raise rates to ...