Barker On the Market (33:59)
August 3, 2006—Mike Barker, Investment & Retirement Management discusses the unemployment and jobs reports that will be issued this morning and how the Federal Reserve may interpret those numbers, and how it may affect their upcoming meeting this month. Barker expands on the task facing the Fed at this meeting, the consensus on Wall Street and the increased pressure on Fed Chairman Ben Bernanke and the FOMC for this meeting. Also discussed are oil prices during the conflict in the Middle East, the housing market and housing related debt and how it may affect the economy and how the market might react to rising CD and money market rates.