Greenspan Guessing Game: Don't Expect Any Giveaways in D.C.
The spectator sport that is witnessing Alan Greenspan
deliver testimony to various members of Congress reaches its apex Wednesday with the speech that used to be known as Humphrey-Hawkins
.
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
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. ...
Recent Comments
| 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 |


Connect with TheStreet