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
Weight Loss: The Golden Rule. Every 3,500 calories you take in and don't burn off equals 1 pound of body weight. How much is 3,500 calories? That's 7 slices of pizza, 3 pints of premium ice cream, or 7 bagels with cream cheese.
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