The Fed Is Worried About Growth

Kairn: We almost have essentially another 50 bips priced in for that third meeting out. I think the fed has to be shocked, even though no one is terribly surprised, at the momentum to day p p i are we argentina at 11 and a half %? Kairn: The services inflation that was shown yesterday in c p iis about five %. Is very sticky and probably moving higher.