12/10/07 Market Snapshot
The markets reacted negatively to the jobs reports on Friday as the hourly earnings report renewed concerns about inflation. The big news this week will be the FOMC meeting, and the accompanying announcement by the Feds regarding a change in rates. Most analysts are predicting the Feds will drop rates by .25 pt.; although, a few are expecting a .50 pt. reduction. In addition, later this week we have CPI and PPI numbers being reported, and the markets will be watching closely due to inflationary concerns.