Phyllis Goffney

News Editor

Phyllis Burke Goffney is a news editor at


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    You wouldn't know it from this week's rally, but the runup in stocks may be nearing an end. "The bar was open and drinks were free," says Christopher Mayer of Capital & Crisis.

  • Market Outlook: Fed May Not Be Done Cutting Rates Wednesday, 19 Sep 2007 | 10:21 AM ET
    Federal Reserve Board Chairman Ben Bernanke delivers the board's Monetary Policy Report to the Senate Banking Committee in Washington Wednesday, July 19, 2006. "The recent rise in inflation is of concern," and possible increases in the prices of oil as well as other raw materials "remain a risk to the inflation outlook," Bernanke said. (AP Photo/Dennis Cook)

    Despite the Federal Reserve's surprisingly sharp cut in interest rates, some analysts think the central bank may not be done.

  • Why You Shouldn't Worry About a Fed Rate Cut Friday, 14 Sep 2007 | 4:27 PM ET
    NYSE Traders

    Even if the Fed cuts interest rates on Tuesday, as most expect, stocks aren't likely to show much enthusiasm. The reason: credit market jitters probably won't  subside soon, as Treasury Secretary Henry Paulson acknowledged to CNBC.