Fed rate cut expected; markets await September 18 decision
CBS News
Transcript
[Music] Wall Street will be focused on the Federal Reserve this week investors are all but certain that fed Chief Ben banki and Company will cut short-term interest rates when they meet Tuesday to help ease the credit crunch but the question remains by how much there is talk the FED could move aggressively in Cut rates by half a percent it would be the First Rate cut in more than four years on Wall Street Friday investors took a breather after some big gains earlier in the week the Dow Rose 17 while the NASDAQ squeezed out a onepoint gain investors will also be watching for the latest news on inflation with reports due on consumer and producer prices and the housing market will be back in the spotlight as we get the latest reports on housing starts and building permits keep an eye on shares of Microsoft as the battle between the software Giant and the European Union comes to a head an EU Court is set to rule on whether Microsoft is a dangerous Monopoly or the victim of overzealous regulators and Martha Stewart is uncorking plans to sell wine starting next year the $15 a bottle wine dubbed Martha Stewart vintage will include chardonay Cabernet svon and merow it will be made and sold by the California based Gallow winery that's your money watch log on to cbsnews.com for all your business headlines in New York I'm Alexis christopherus