Markets Steady Ahead Of the FOMC Decision
Markets Steady Ahead Of the FOMC Decision
Stocks were virtually unchanged leading up to the Fed’s 14:15 EDT decision as debate over whether another rate cut would support equities made the rounds.
“Stock markets received an immediate boost in the past when they got what they were looking for,” said Matthew Carniol, chief currency strategist at TheLFB-forex.com. […]
Ahead of the G7
Ahead of the G7
This week’s meeting of G7 ministers comes during a time of extreme stress in the financial system. The media is already preparing us to see a G7 which in their view is not presenting a “unified” response to the situation. A “unified” response (as far as the media is presenting it) would […]
Stocks Mostly Lower ahead of Bernanke/Dollar Weakens
Stocks Mostly Lower ahead of Bernanke/Dollar Weakens
Stocks were mostly lower Tuesday morning ahead of a speech from Federal Reserve Chairman Bernanke scheduled for 13:15 EDT. Stocks got a boost at the open as the Fed announced a new lending facility designed to purchase commercial paper, which means the Fed is now making unsecured loans directly […]