<< Read Full Article

Greenspan Guessing Game: Don't Expect Any Giveaways in D.C.

 

The spectator sport that is witnessing Alan Greenspan alangreenspan deliver testimony to various members of Congress reaches its apex Wednesday with the speech that used to be known as Humphrey-Hawkins humphreyhawkins.

Now, it's just the "Monetary Policy Report to the Congress." But considering the naming rights plastered on most stadiums and events these days, corporate sponsorship can't be far behind.

One of the Federal Reserve's federalreserve pressing concerns has been its attempt to help corporate profitability with its rapid-fire interest-rate cuts. Recognizing the weakness in the economy this year, the Fed aggressively cut the short-term lending rate to 3.75% from 6.5%. But in recent weeks, official Fed comments have shifted toward neutrality. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,390.11 1,103.25 2,189.61 34.48
Oil *
76.70
UP
1.21
DOWN
2.73
DOWN
4.74
DOWN
0.35
10 Yr
3.45%
SPDR Gold
113.11
+0.01%
-0.25%
-0.22%
-1.00%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services