AUTOREFRESH 
Lockhart sees second-half recovery; Fed will meet inflation objective no matter the environment
By Jamie Coleman || June 11, 2009 at 17:12 GMT
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Atlanta Fed President Lockhart, a relative hawk, frets that some of the bond rate back up in recent weeks is tied to the fear that the Fed will monetize the debt. He warns that fiscal imbalances will make the Fed’s pursuit of stable growth and prices more difficult.
US equities are firmer and bond yields are lower and oil maintains its strength, at 72.80 per barrel. Look for 1.4145 to cap near-term. Stops lie above that level. The euro has reached 1.4130 thus far and now trades at 1.4120. Medium-term bulls are praying for another move toward the 1.43 level to lighten up their long positions.
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