Philadelphia Inquirer | 08/08/2004 | On Personal Finance | Investors find it murkier than ever out there

Philadelphia Inquirer | 08/08/2004 | On Personal Finance | Investors find it murkier than ever out there

On Personal Finance | Investors find it murkier than ever out there

By Jeff Brown

Inquirer Columnist


When the Federal Open Market Committee meets this week, it is sure to raise short-term interest rates a quarter point to head off inflation.

Scratch that. Let's try this:

When the FOMC meets this week, it is likely to hold short-term rates steady, amid worries the recovery is faltering.

Well, let's not say that, either.

Fact is, we can't predict what the Federal Reserve will do, since the economic indicators are so confusing.