Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, June 06, 2007

To Raise Or Not To Raise

Will the Fed raise rates? Will they lower rates? Will they keep them the same? Ahh, that is the question. Bernanke gave signs of possible rate increases, and it sent waves through the market. Other economies are considering raising rates to slow down the fast pace of economic growth. All this talk has led to a reversing trend on Wall Street. All indexes gave up another 1% today. The fight is ongoing for Dow Jones. As markets struggle to find their way, the bastion of financial news is struggling to determine who will be its owner. DJIA -129.79 NASDAQ -24.05 S&P 500 -13.57