The Money Saving Expert condemned new proposals by Ofgem which could cause energy bills to increase further.
Williams said MBS sales are not under consideration for the first stages of the balance sheet reduction plan the Fed revealed earlier this month, but said the goal of $35 billion a month in MBS redemptions is a "big number." Last week Williams said plans to raise interest rates by 50 basis points at the Fed's next two meetings is sensible, a sentiment he echoed on Monday.
Being long dollars will no doubt become an overcrowded trade at some point and a reversal will ensue, but for hedge funds right now, there is no alternative. Funds have amassed their biggest bet in six months that the dollar will strengthen against the world's major currencies, and you can understand why. The latest Commodity Futures Trading Commission data show that funds increased their net long dollar position against G10 currencies to $20.6 billion in the week to May 10 from $19.8 billion the week before.