Barker on the Market
June 30, 2005—Mike Barker, Investment & Retirement Management looks at the Fed’s move yesterday when it raised rates for the ninth time in one year increasing the federal-funds rate to 3.25%. Barker also discusses the message that accompanied the rate increase and shares his views as to whether the Fed will continue to raise rates in the future, the market’s reaction to the increase, the state of market over the past few weeks and his take on oil prices.