Fed Holds Rate at 5.25%; Was today the high's for September? (John Mugarian's Dynamic Growth)

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Fed Holds Rate at 5.25%; Was today the high's for September?

The FOMC decided to keep the fed funds rate at 5-1/4 percent.

I think this will eventually serve as a disappointment to a market that seems to be looking for an excuse to take profits. Historically, the stock market has not fared well in the second half of September.

Posted by John Mugarian on September 20, 2006 2:30 PM | Permalink

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