Wednesday, January 31, 2007
Fed Day
Gains in oil stocks helped push stocks higher Tuesday ahead of the Fed statement this afternoon. The SPX added 8.20 points to finish on 1,428.82. We are in the green and ok for now.
There will be nervousness in the markets today as although a change in rates is highly unlikely, there are concerns about what the Fed will say about inflation. With the economy showing strength of late, the Fed might become even more focused on combating inflation and this could lead to a Fed rate hike down the road. This is the last thing the markets (and us!!) want to hear.
Lets see what the day will bring.
Until next time.
There will be nervousness in the markets today as although a change in rates is highly unlikely, there are concerns about what the Fed will say about inflation. With the economy showing strength of late, the Fed might become even more focused on combating inflation and this could lead to a Fed rate hike down the road. This is the last thing the markets (and us!!) want to hear.
Lets see what the day will bring.
Until next time.
# posted by Paul @ 6:11 AM 
