Federal Reserve Expected to Boost Interest Rates(December 12, 2005) -- If the Federal Reserve cooperates, Wall Street could revive its sluggish rally this week, analysts say.
The Fed's Open Market Committee is set to meet tomorrow, with the expectation that it will raise the nation's benchmark interest rate to 4.25 percent. Wall Street is prepared for such a move but is also hoping that the policymakers will give some indication in their accompanying economic assessment that this series of hikes is coming to an end. If the central bank hints at inflation stabilizing and the economy improving, Wall Street likely will be re-energized to the point where investors can expect better returns by the end of the year.
Source: Cincinnati Enquirer (12/12/05); Martinez, Michael J.
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