Federal Open Market Committee
met in Washington through Wednesday to make the decision Wall Street was aching for. The
policy panel, as widely expected, boosted its target short-term interest rate by 25 basis points, to 5% from 4.75%.
In a more surprising move, the FOMC switched from a policy bias toward more tightenings to a neutral stance.
But there are plenty of questions left unanswered: What does the bias shift really mean? How will the decision affect bonds, P/E ratios, international markets, the major indices? Will
give it a rest already with the briefcase indicator?
You'll find thoughts on almost all of those questions and much more in
package of stories and commentaries on the Fed decision, from previews to the moment of truth to quick reactions.
Friday, July 2
Impact on Investors
What the Fed Fuss Means for Your Portfolio
Cyclicals, growth or bonds? It all depends on whether you believed Greenspan when he shifted the Fed's bias to neutral.
Wednesday, June 30
What Lies Ahead
The Fed's Just Getting Warmed Up
Analysts say the Fed is now on track to reverse its three rate cuts made in 1998.
The Past and Future
*Extra* FOMC Gets It Half Right. Or Is That an Eighth?
Follow the forward-looking line, and don't bother with the Fed's historical gobbledygook.
Reading Between the Lines
Alan Tells It on the Mountain
And The Mouth has an interesting interpretation of the commandments inferred from the Fed's actions today.
Humbled by a Happy Fed
Now, Cramer's just going over the slim pickings of the market, but it's enough to get the job done.
Voice Your Opinion
What Do You Think About the Fed Moves?
poll on the Fed's latest actions.
The Big Decision
Fed Hikes Rates 25 Basis Points and Shifts to Neutral Bias
As expected, the FOMC raised the fed funds target to 5% from 4.75%. Surprisingly, the Fed moved from a bias toward more rate hikes to neutrality.
A Look Southward
Latin American Markets Brace Themselves for U.S. Rate Hike
Rate concerns have already affected stock and bond prices in Latin America.
A Global Perspective
Overseas Fragility Magnifies Fed Effect
The world may not be ready for the Fed to keep its finger on the interest-rate trigger.
Tuesday, June 29
Betting the House
Seeking Shelter From the Rate Storm With REITs
Those with healthy balance sheets will likely fare better than others.
The Trader's View
Accepting a Hike as Inevitable, Wall Street Focuses on Fed's Bias
The Fed is in uncharted territory with its new policy of announcing changes in its bias, and that has market players on edge.
The Fed's Pre-Emptive Misfire
Economist James K. Galbraith explains why the Fed's attempt to charm rates upward is doomed to fail.
The Bubble Economy
Swollen Valuations May Deflate as Bond Yields Top Out
The combination of an earnings recovery and a rebound in bond prices could signal a time to exit large-cap growth giants.