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Market Update - Fed Leaves Rates Unchanged

Author: David J. Kosmider (info)
Website: http://eidoan.com/
Posted: December 12th, 2006 at 5:25 pm EST
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The Federal Reserve decided to leave rates unchanged today at 5.25% for the fourth straight meeting. The markets reacted negatively to the Fed’s worries about the housing market. All of the major indexes traded lower today, except the S&P 100 did end 0.02 points higher today. Though the majority of the declines were around noon and the markets have been drifting higher since then. The NASDAQ 100 and Russell 2000 showed the largest percentage declines at around 0.60% each. Gold and Oil also traded slightly lower today.

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