ajtj99's Market Pulse

[ajtj99]

I think they are aware of what's going on, but there shouldn't be any interest rate action this week with the State of the Union speech on Jan. 28 and the regular Fed meeting Jan. 29-30. The Fed prefers to avoid conflict of this type.

If they were going to cut beween meetings, last week would have been it. The drop in the markets last week was probably in part due to the lack of a "surprise" cut to bail out the investment banks during op-ex week.