Waiting for the Fed to cut rates There's only one week to go before the Federal Reserve's Open Market Committee meets on interest rates.
Investors and the stock markets have been jittery ahead of the Fed meeting, trying to interpret words from various Fed officials as guides to what will happen next week. Will the Fed cut interest rates? If so, by how much? And how many times? With all these questions, there are still days before an answer.
Investors were looking to Fed chief Ben Bernanke's speech in Berlin today for hints, but there wasn't much to glean about what's going to take place next week.
Tuesday, September 11, 2007
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