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john2072
Wysłany: Sob 5:12, 02 Kwi 2011
Temat postu: has fallen for six sessions
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dit market had boosted expectations among some investors that the central bank would have to intervene with a cut in the fed funds rate at or even before its Sept. 18 meeting.The central bank has appeared determined, however
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, to deploy a measured response and not necessarily give in to a Street looking for a return of easy access to cash."It's really day-by-day with all this news
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," said Raich, referring to economic data and concerns about faltering mortgages and upheaval in the credit markets. He said the latest economic readings boost a sense that the Fed isn't likely to cut rates."Obviously the market is adjusting to that probably not occurring. There were fears just a few weeks ago that the U.S. housing woes were going to impact the global environment."The Chicago Board Options Exchange's volatility index
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, known as the VIX, and often referred to as the "fear index," has fallen for six sessions, signaling investors are regaining some confidence.Whether the recent relative calm of the markets holds will likely depend in part on economic data due next week. Minutes from the Fed's next meeting are expected as is an early read on second-quarter gross domestic product. They could support or derail a notion that the economy conti
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