Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, March 27, 2006

Waiting for Bernanke

Tomorrow is the first big day for Mr. Bernanke. Expectations are that the Fed will raise rates by 1/4 point. Short-term rates are already paying off nicely, as money market rates head towards 5%. If you're still living with those paltry yields from your local bank, get with the program. Take a look at some of the best yielding accounts around. Markets were tepid on this day before the big announcement. Dow -29.86 NASDAQ +2.76 S&P 500 -1.34