Ben Bernanke
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Mad Money host Jim Cramer explains why people need to support the Fed chairman in his crusade to get the economy back on track.
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In an earlier post--we told you what former Fed Governor Laurence Meyer had to say about the Fed's meeting today. He's pretty confident things will stay the same. Many agree--that the Fed will leave the federal funds rate unchanged - at 5.25%. That's where interest rates have been since June. Even though official word won't come until 2:15 p.m. ET...
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Investors won’t have to wait much longer to find out where the Fed stands on interest rates. The FOMC announcement comes at 2:15 p.m. New York time (and you can see it live on cnbc.com). It's widely expected that interest rates will hold steady at 5.25% for the fourth consecutive time. More important will be clues the central bank gives about its intentions for next year.
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Time for "Word on the Street " and our look at the day ahead. Peter Kenny is Managing Director of Jefferies and Company. On this morning's "Squawk On The Street," Kenny basically said he was "down" on the economy.. He told Mark Haines--the overall U.S. economy is in a slowdown in some sectors.
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Fed Chairman Ben Bernanke spoke--but it seems few investors listened. Stocks drifted lower after his speech. So--what's the next move for investors in 2007? That's the question for two analysts on Closing Bell. Citigroup's Chief U.S. Equity Strategist and Managing Director, Tobias Levkovich is very bullish on the economy.