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Reply #5: Stocks Look Up as Street Awaits Fed [View All]

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ozymandius Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-12-03 07:52 AM
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5. Stocks Look Up as Street Awaits Fed
NEW YORK (Reuters) - Stocks are set to crawl higher at the open on Tuesday on momentum from a positive session a day ago, but trading is expected to be light and cautious ahead of the Federal Reserve's assessment of the nation's economy.

The central bank's Federal Open Market Committee (FOMC) will gather to discuss interest-rate strategy and should announce a decision around 2:15 p.m. The FOMC is widely expected to keep interest rates at current 45-year lows to fuel economic growth, but all eyes will be on its view of the U.S. economy.

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