Prior to that, their first 11 drives had yielded a grand total of 89 yards and six first downs; they ended with five punts, four interceptions, a fumble, a missed field goal, and zero points. Starting quarterback Drew Barker, once hailed as the most promising Kentucky quarterback recruit since Tim Couch, completed more passes to Florida defenders (three) than to Kentucky receivers (two) and accumulated more negative yards on sacks (21) than he gained with his arm (10). THERE is growing anger among Czechs over plans to rebury in a Prague cemetery the bodies of thousands of German soldiers, including those of SS and Gestapo officers, scattered throughout the Czech Republic in unmarked graves. The graveyard, being built in the Vinohrady district of the capital, is intended for the internment of the bodies of German soldiers exhumed from unmarked graves across the Czech Republic. by Louis Navellier *All content in the Marketmail Introduction is the opinion of Louis Navellier of Navellier & Associates, Inc.* Naturally, the big news last week was not just the Fed’s widely anticipated 0.25% interest rate hike, but the statement made after the Federal Open Market Committee (FOMC) meeting last Wednesday. In summary, the FOMC statement said the Fed “expects economic conditions will evolve in a manner that will warrant only gradual increases in the fed funds rate.” The big surprise was that the FOMC statement anticipated “gradual adjustments” in key interest rates as inflation materializes. Based on the Fed’s forecast that inflation will accelerate from this year’s 0.2% (in terms of the Fed’s favorite inflation index, the Personal Consumption Expenditure, or PCE index) to 1.6% in 2016, many Fed watchers assumed that the Fed would raise rates up to four times in 2016 (according to Bloomberg). However, the Fed’s past inflation forecasts are notoriously poor, so the Fed may not raise rates in 2016 if they are as “data dependent” as they claim.
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