Inflation Nation - Fast Money Recap (6/10/08)

Recap of CNBC's Fast Money, Friday March 7. Click on a stock ticker for more analysis.


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Fed Protection

The dollar reached a 3 month high as oil pulled back and investors seemed cautious about the Fed Chairman Ben Bernanke’s remarks that he will fight inflation. Many believe this may spell rate hikes. Jeff Macke commented the Fed may raise rates even if it affects sgrowth, and thinks Friday’s consumer price index number will be very telling. Guy Adami reiterated his prediction that the dollar will continue to rise in the second half of the year.

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Oil Drops

On worries about slowing growth, oil dropped $3 a barrel. However, Russia’s Gazprom predicted oil could reach $250 by the close of the decade. Tim Seymour thinks the Asian markets, which have been crucial to global growth, may roll over.

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