Analysts: Walsh's speech should have served as forward-looking guidance for the July meeting

George Katrambone, head of fixed income for the Americas at DWS, said in a speech to Federal Reserve Chairman Walsh on August 28:"Whatever you want to call it, this is exactly the forward-looking guidance the market was looking for at the Federal Open Market Committee meeting in July.""I'm listening to a Fed chairman who may tighten monetary policy. He's trying to maintain balance in his speech, but the Fed is likely to raise interest rates."