Wednesday, 09 May 2007

Stocks seen opening lower, Fed in focus

(Reuters) - Soft jobs data last week reinforced Wall Street's view that the Federal Reserve will cut interest rates this year, although the figures were not weak enough to suggest a move was imminent, a Reuters poll showed.

The Fed is expected to hold the benchmark overnight federal funds rate steady at 5.25 percent, and then ease monetary policy in the second half of the year.


Read more at Reuters.com Bonds News

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