Stocks Fall As Wall Street Awaits Fed Interest Rate Decision

AP:

Stocks fell moderately Monday as Wall Street anxiously awaited the Federal Reserve's impending decision on interest rates.

The market is betting on a rate cut from the Fed when the central bank meets Tuesday, but investors are not completely sure what it will do and what it will say in its accompanying economic statement. Furthermore, with the major brokerages' third-quarter results yet to be released, investors are uncertain about how badly the summer's stock downturn, souring home loans, and credit squeeze hit the banking industry.

Read the whole story: AP

Comments

[mrcontinental]

07:26 PM on 09/17/2007

Sheep waiting to be slaughtered in the "MARKETS". Go on and get you some.

Have you checked the price of gold lately? It's still holding over $700.

[NewRiver]

07:16 PM on 09/17/2007

Interesting how the "Business Editor" at HuffPo, only has stories about the market on down days.

[BuyRubles]

08:08 PM on 09/17/2007

i was going to say that. you beat me to it.

[NewRiver]

11:37 AM on 09/18/2007

Yep, and today, pre FOMC announcement, Dow is up 100, SP up 11 and on of the top stories???

Oil prices.

They just love bad news and hate good news here at the HuffPo.