Taken together, the reports made unusually sweet reading for credit market analysts.
New evidence of economic strength makes further increases in short-term interest rates likely over the next month to six weeks, credit market analysts predicted.
Some credit market analysts are concerned and suggest it could be a harbinger of problems.
Despite a growing conviction that the pace of economic growth is slowing, credit market analysts see little reason to expect interest rates to fall soon.
Interest rates, which have been inching higher during the last month, are almost certain to rise further, credit market analysts say.
Interest rates are likely to continue a gradual decline well into the first half of 1990, credit market analysts say.
But without further assistance, credit market analysts said, interest rates were not likely to decline much from current levels, and might even rise.
Many credit market analysts say chances are good that interest rates will fall further.
The same credit market analysts are now saying that the target for the funds rate is 8.5 percent.
Interest rates will fall, perhaps by a percentage point or more, in the first half, most credit market analysts anticipate.
Taken together, the reports made unusually sweet reading for credit market analysts.
New evidence of economic strength makes further increases in short-term interest rates likely over the next month to six weeks, credit market analysts predicted.
Some credit market analysts are concerned and suggest it could be a harbinger of problems.
Despite a growing conviction that the pace of economic growth is slowing, credit market analysts see little reason to expect interest rates to fall soon.
Interest rates, which have been inching higher during the last month, are almost certain to rise further, credit market analysts say.
Interest rates are likely to continue a gradual decline well into the first half of 1990, credit market analysts say.
But without further assistance, credit market analysts said, interest rates were not likely to decline much from current levels, and might even rise.
Many credit market analysts say chances are good that interest rates will fall further.
The same credit market analysts are now saying that the target for the funds rate is 8.5 percent.
Interest rates will fall, perhaps by a percentage point or more, in the first half, most credit market analysts anticipate.