"The market is drifting. Investors are desperately seeking some leadership as both Energy and Materials have stumbled recently. On Wednesday, investors will start assessing Ben Bernanke's leadership of the Fed. From what I've read of his speeches, I am impressed with the breadth of his knowledge, his intellectual powers, and his open-minded pragmatism. In many ways, he reminds me of the former Fed chairman. I think investors will also become increasingly impressed as they see him in action. The markets may be anticipating that Bernanke will continue Greenspan's measured raising of the federal funds rate on a de facto basis. That's my view: I expect a 25 basis-points hike in the federal funds rate following each of the next two FOMC meetings, on March 28 and May 10."
From just $107.88 $24.99 for Kiplinger Personal Finance
Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.