Market Features

Try Jim Cramer's Action Alerts PLUS
CLICK HERE NOW

Fed Keeps Heat On

06/29/06 - 03:30 PM EDT

TSC Staff

Since future Fed policy remains fluid, commentary by voting members of the FOMC has taken on added significance. Ben Bernanke, whose congressional testimony in late April wrongly convinced financial markets that a "pause" was imminent in the rate hike campaign, spent much of the last two months in a hawkish public posture.

Bernanke's most significant commentary came on June 5, when he told a banking conference in Washington that inflation readings "have been higher in recent months" and "are unwelcome." At the same time, Bernanke noted a slowdown in consumer spending, raising fears of stagflation and sending the Dow down 199 points in one day.

Economic data in the intra-meeting period has also been troublesome. On June 14, the Labor Department said its consumer price index rose 0.4% in May, including a 0.3% rise in its core components. Compared with May of last year, the rate of gain in the core index was 2.4%, slightly above the Fed's comfort zone of 2%.

1 2
» Next

Headlines & Perspectives

Market Features

Go To Section Home


07/26/06
A Look at Recent Stock Splits

A glimpse at pending and complete stock splits.


07/26/06
Wednesday's Buybacks: Ameristar Casinos for 2.8 Million Shares

Here's a list of companies that have recently announced buybacks.


06/29/06
Tense Markets Await Fed Announcement

Stocks are up, as is anxiety about the Fed's intentions.


08/05/08
Three Internet Stocks That Could Double

These forgotten Internet stocks are being accumulated by hedge funds.


08/15/08
The Five Dumbest Things on Wall Street

Raspberries for Apple; You'll be sorry, UBS; Fortress or Fort Knox? Wholly unappetizing Foods; give Liberty AOL or give them...


08/15/08
McCain Fund-Raising Picks Up

The GOP presidential candidate raised $27 million in July.


08/15/08
Cash-Back Cards Aren't Money in the Bank

Some credit and debit cards give you some cash back on purchases. But you need to manage it well to benefit from it.


Your Recent Quotes: Quote Up0 | Quote Down0
Dow S&P 500 NASDAQ
Oil*
Gold
10 Yr
0.00%
%
%
%
Data delayed 20 min
Sign up for our FREE newsletters now. See All

  • Cramer's Daily Booyah!
  • Before the Bell

Premium Stock Ideas
Access Action Alerts Plus to find out Cramer’s latest picks now!