After the very strong pickup in U.S. growth data over the past few weeks, we believe the risk of a sharp slowdown in commodity demand looks negligible in the short term.
After the very strong pick-up in U.S. growth data over the past few weeks, we believe the risk of a sharp slowdown in commodity demand looks negligible in the short term.
Unless upcoming speeches indicate that other FOMC (Federal Open Market Committee) members are beginning to shift their views, we do not believe Olson's dissent represents the start of a broader movement within the FOMC toward slowing the pace of rate hikes.
We believe the rise in Chinese crude oil imports in October signals a period of stronger Chinese apparent demand figures over Q4 2005 and Q1 2006.