Archive for September, 2007
Fed Cuts Rates by 1/2%, Stock Markets Improve
18 September 2007The FOMC meeting ended today with the much anticipated announcement of a half point rate cut.ﾃつ ﾃつ This was not a surprise, but it marked a decided shift in the Fed’s policy, as it was the first rate cut since 2003.ﾃつ ﾃつ
Stock markets soared, and the bond market is currently neutral on the [...]
Bonds are neutral, all eyes on FOMC meeting next week
14 September 2007The bond market was neutral today.ﾃつ The big news was August Retail Sales showing an increase of .3%, lower than the .5% increase expectecd. This is good news for mortgage rates.
August Industrial Production also showed weaker than expected results.
However in both cases, July’s data was revised to stronger levels, which effectively neutralized any positive [...]