Another is that customers might come to expect higher rates all around.
Many professionals expect lower interest rates for the next three to six months.
We expected stable rates today and a 50bp cut in December.
Traders said they expected American interest rates to decline further.
Recent activity in the bond market suggests that others also expect lower rates.
But don't expect rates on credit cards or home mortgages to fall immediately.
He expects rates to decline, which would benefit banks in particular.
So far, data is piling up mostly on the side of those expecting more jobs and higher interest rates.
Fifty-seven percent of the participants said that they expected interest rates to rise in the next two years.
Mr. Frank said that he expected rates to hold firm in the week ahead.