Financial Services Industry
Industry: Email Alert RSS FeedQuincy Krosby.(Investment Outlook)
Investment News, January, 2006
Byline: Gary Mogel Chief investment strategist The Hartford Financial Services Group Inc. Hartford, Conn. Assets under management: $316 billion Forecast: "The key driver is the Federal Reserve Board's determination to slow down the economy by raising interest rates - but not to the point where consumers are jeopardized," said Ms.
Krosby. That means a federal funds rate of about 5%, she added. The goal is 3% gross domestic product growth, Ms. Krosby noted. One big "if" is the price of oil and how it's affected by a shock in the supply chain. "OPEC is attempting to ensure high prices, and the weather is also a major factor," Ms. Krosby said. She added that there are too many variables to predict where the price per barrel is...
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