Thursday, November 15, 2007

Market Hiccup, CPI Numbers to Come

The market took a little hiccup at the end of day, although throughout most of the day, it was in the black on good inflation news. More inflation news is expected tomorrow with the release of CPI numbers. Tame inflation will be good for the market, as inflation fears have been one of the primary reasons the Fed refused rate cuts in their last meeting. The next meeting is scheduled Dec 10, and many are looking for another rate cut to get the economy and the market back on track.

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