Sunday, January 28, 2007

Fed Rate Cut, don't get your hopes up.

This week's Fed announcement on interest rates will focus investor attention
Published: Sunday, January 28, 2007 11:41 AM ET

"The Fed makes its next rate announcement on Wednesday under very different expectations from just a few weeks ago. "

"Everything we're seeing suggests that the downside risk to the U.S. economy is abating," said John Johnston, chief strategist, The Harbour Group at RBC Dominion Securities.

"And with that you're getting any hopes for a Fed rate cut kind of being pushed away." Full Article.

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