The stock market held up well this week considering the interest rate situation.� On Tuesday, the Fed raised the fed funds rate target from 4.50% to 4.75%.� Over the past week, the 10-year yield rose from 4.67% to 4.85%.� Yet, despite the increase in interest rates across the yield curve, the S&P only lost 8 points on the week.
The big event by far was the Fed policy statement on Tuesday.� The increase in the fed funds rate was fully anticipated.� The policy statement proved a disappointment.
Deep Thought When you have a big decision to make, you may feel better if you let your unconscious mind point you in the right direction.
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General Health Tip
Eating Away at Exercise? Many people think exercise allows them to eat more, but all that does is add back the calories you burned off. Never think of exercise as a license to overindulge.
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Star Magazine
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