Wednesday, October 31, 2007

Market Update

Today is Fed day. At 2:15 p.m. Eastern Time, the Fed will release its monetary policy decision and statement. I believe the Fed will cut rates by .25%. However, it is also important to hear what the Fed has to say in their statement. For now, I am recommending to float, as the Bond trades just above a floor of support heading into today's important announcement.

0 Comments:

Post a Comment

<< Home