Fed decision in focus as markets await rate hold
Investors anticipate the Fed to keep rates at 5.25 percent amid mixed signals on inflation and labor costs. A hold could anchor sentiment as GDP for Q1 is seen at 0.6 percent annualized, while earnings cadence includes Rite Aid, Constellation Brands, Monsanto, and KB Home amid broader market rotations.
MENTIONED IN THIS ARTICLE
Fed
Wall Street
Feds
Rite Aid Corp
Brooks and Eckerd Drug
Constallation Brands Inc
Monsanto Co
KB Home
KBH
Hidden risks in exotic bonds amid slipping lending standards
Investment banks seek steady loan flow to securitize and sell for profit, prompting looser lending. Subprime borrowers face higher default risk, yet mortgages offered at rates about two points lower than a year ago, raising foreclosure and price depression concerns. Standard & Poor's notes CDOs pose risk to bond funds, while Lipper may add questions. banks like Merrill Lynch and Goldman Sachs hold CDOs, and favorable but risky structures are pitched to pension funds.
MENTIONED IN THIS ARTICLE
Pension Funds
Merrill Lynch
Lipper
Goldman Sachs
David Tesher
Standard & Poor’s
California
Bloomberg
Piace
Interest rates slip after May durable goods report
A May report showing a drop in durable goods orders nudged rates lower but the move was muted ahead of the Federal Reserve's upcoming policy decision. Prime funds stood at 6.265 yesterday with nearby figures around 5.27 to 5.25.
MENTIONED IN THIS ARTICLE
Federal Reserve
Stocks Edge Higher After Fed Watch Wobbles Market
Stocks finished higher after wavering as investors awaited the Federal Reserve decision. The Dow rose 90.07 to 13,427.73 as durable goods orders fell 2.6 percent in May and Nike rallied on quarterly results while other names moved on earnings and deals.
MENTIONED IN THIS ARTICLE
All Street
Federal Reserve
Dow
Energy Department
Catton Ib
Europe
Africa
Middle East
Fed
U.S
Hong Kong
Singapore
Taiwan
Bear Stearns stock buoyed despite hedge fund woes
Bear Stearns Cos. faces a stock decline after two hedge funds tied to subprime mortgage assets faltered. Merrill Lynch sold $850 million of fund assets while JPMorgan Chase and Goldman Sachs plan slow asset liquidation. Bear Stearns provided a $1.6 billion loan as the funds wind down, with analysts saying the selloff may be overdone and the firm remains a strong franchise.
MENTIONED IN THIS ARTICLE
Bear Stearns Cos
BSC
Merrill Lynch & Co
Jpmorgan Chase & Co
Goldman Sachs Group Inc
Bear Stearns
Le~hman Brothers
Roger Freeman
Merrill Lynch
Merrill
Guy Moszkowski
Fed statement prompts cautious optimism on inflation risks
Quotable economist Mark Witner of Wachovia says the Fed likely sees the economy as cautiously optimistic, but risks still favor inflation staying higher. He notes inflation moderation may not proceed as much as the Fed would want with rates due to be announced today.
MENTIONED IN THIS ARTICLE
Fed
Mark Witner
Wachovia
Federal Reserve
Fund Focus Shows Outperformance Since 2005 Inception
The fund has consistently outpaced peers since May 2005, allocating more to emerging markets and less to Japan than most rivals, with a maximum investment of 2.3 percent per position to control risk. Each position is sized to manage risk.
MENTIONED IN THIS ARTICLE
Japan
Local Stock Ticker Jumbles Names and Percentages
A scrambled OCR listing mixes company names such as AT and T and Bank of America with assorted figures like 6 9.0 and 47.1 percent. The fragment ends with LOcal StOcKS, suggesting a stock page snippet with unreadable data.
Also Mentioned on This Page
Labor Department
Standard & Poor
Sam Stovall
S&p
Financials
Money&Markets
Ban Dow
DOW Util
Russell
Wilshire
Gee
CHG
Nchg
Borraweta
Cdos
Standard & Paar's
D. Sorid, S, Jahnson, E. Flach ,Ap
Treasuries
Lehman Bros
Munt
Vasa
Lehman US
Vva
DJ Corp
Ay Sé
StoryStocks
Oracle Corp
Best Buy Co
ConAgra Foods Inc
Nike Inc
People's United Financial $40 Inc
H&r Block Inc
Breeden Capital Management
Tax Preparer's
SunGard
NEE High
Chittenden Corp
Beane
Thorsen Financial
Martinez, L
Bourget «Ap
Jubius Ber Invlegia B
VALUI
Jetan
Morningstar
Richard C. Pell
PET
Bank
Vodafone Grp Almancora Garmm
Komeren Banka
At&t Ing. Alcatel-Lucant Arkansas Best Bhat Corp
Bank of America Beat Buy
Chemtura Corp
Chrealt City Ghilzena South Bank Commercial
Matala Crescent Real Estate
Curtis- Wright Dalmierenryaler Ganaher Corp Deere Delhalze Dillarda Inc
Donnellay & Sons
Duke Energy
FMC Corp
FNB United Corp Family Dollar
Fiat Charter Corp. GE Soodrich Hanenbrand Harlay-Davidson Home Depot
Anil
Intel Corp
INTC
IBM
Kohla Kss
Lance Lowes
Martin Marlette
Microsoft
RBC Centura RY
Ruddick Rdk
Seara Holdings
Southern Company So
Spectra Energy SE
Suntrust Banke Sti
TXRHS
Textron Txt
Time Warner
TWX
Timken Tkr
Tyco International Tyg
Wachovia WB
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