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Stocks Flat As Fed Rate Decision Looms
Stocks Flat As Wall Street Refrains From Big Bets Ahead of Tuesday Fed Meeting
Stocks were little changed Monday as Wall Street traded nervously and lightly ahead of Tuesday's decision by the Federal Reserve on interest rates.
Most investors are betting on a quarter-point cut in the benchmark federal funds rate Tuesday. And with recent weak economic data -- such as a decrease of 4,000 jobs in August and weaker-than-expected retail sales -- some anticipate a half-point rate cut.
It's still possible, though, that the Fed might not go through with a rate cut at all, if it believes the economy is still growing moderatoldy and that inflation remains a threat. |
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