Wall Street Opens Flat Ahead of Fed
Wall Street opened flat this morning in anticipation of the Federal Reserve's decision on interest rates due out this afternoon.
In the first 15 minutes of trading, the Dow is flat, as is the broader S&P 500.
The tech-heavy Nasdaq is up about one-quarter of 1 percent.
The Fed is set to release its decision on interest rates at 2:15 p.m. today, and forecasters expect the Fed to keep interest rates unchanged, in the zero to 0.25 percent range.
Also today, Treasury Secretary Tim Geithner is testifying on the Hill, pushing for regulatory reform of the financial markets, urging lawmakers to create a consumer protection financial agency and pass reform before continued market stabilization leads to complacency.
-- Frank Ahrens
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By
Frank Ahrens
|
September 23, 2009; 9:54 AM ET
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The Ticker
| Tags: Dow Jones, Fed, Federal Reserve, nasdaq, s&p 500
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