The New York Times Business: Stocks Soar on Signal of 'Flexible' Fed Policy By MICHAEL M. GRYNBAUM A top Federal Reserve official appeared to open the door today for additional interest rate cuts, sending stock markets sharply higher.
so someone on the FOMC should buy a bunch of stock and then leak info that the committee's going to cut interest rates. Then sell and go home rich. -- Jim Devine / "The radios blare musak and newsak, diseases are cured every day / the worst disease is to be unwanted, to be used up, and cast away." -- Peter Case ("Poor Old Tom"). -- Jim Devine / "The radios blare musak and newsak, diseases are cured every day / the worst disease is to be unwanted, to be used up, and cast away." -- Peter Case.