Barker on the Market, the Fed and Rising Energy Prices
September 22, 2005—Mike Barker, Investment & Retirement Management discusses the Federal Reserves decision to hike interest rates following hurricane Katrina, looking at both sides of the argument. Barker evaluates oil, gasoline and natural gas prices, the Fed view on inflation and the statement it released indicating the likelihood of another increase ahead. Barker also discusses this inflationary cycle and its affects on players in the floor covering industry and third quarter and year-end earnings.