financial market participants expect that this week the leaders of the Federal Reserve System (Fed) is likely to give a signal about the unwillingness of the Central Bank to raise the base rate in the coming months.

raise expectations before the end of 2009 the base rate overnight, is now all 0-0,25%, fell on Friday, according to futures quotes, up to 47% from 60% a week earlier. In the previous week, these expectations, however, grew.

predicted, the Fed-up scheduled for Tuesday-Wednesday meeting is unlikely to be solved to increase the volume of purchase US Treasuries and mortgage securities, given the slight improvement in the situation in the U.S. economy and the credit market, writes The Wall Street Journal.

Thus, the Central Bank is projected to remain at this week's current monetary policy without any changes.

President of the Federal Reserve Bank of Kansas Thomas Hoenig said on Friday that the American Central Bank is developing plans for cuts in an unprecedented amount of financial incentives introduced during the crisis to avoid accelerating inflation in the context of renewed economic growth in the United States.

We joined in huge amounts of liquidity - he said the TV company CNBC. - If you save the situation constantly and to keep rates at very low levels over the long term, we risk to get a surge of inflation. Not next year, but after 3 -4 years.

He stressed that this is precisely the long-term policy, and that a concrete plan from the Fed yet.

Yield

American long-term gosbumag on Friday fell against the backdrop of deflation in May compared to same period last year at 1.3%. Yield 10-year bond reached 3.79%.

at decreasing the chances of growth of the value of loans the Fed in the near future the dollar to yen fell for the week at 2.2% but rose to euro on 0,6%.

SP 500 Index on Friday rose by 0,3% against the backdrop of good corporate news and signs of improvement in the global economy.

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