Wednesday, May 9, 2007

When The Fed Comes Knocking...


The Fed is due to announce its interest rate decision at 2:15 p.m. Eastern -- expectations in the market are that rates will be held at 5.25%. Fed officials are seen as likely to make only limited word changes to the policy statement issued at the end of the meeting, unwilling to create more confusion after the stir caused by the major changes in the March 21 statement