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Moved PermanentlyMoved PermanentlyFortune Investor DataEven if they were a bit surprised by Tuesday's announcement, traders can now breathe a sigh of relief and enjoy their holidays. "This is the Fed's third tap on the brakes since summer," says Baumohl. "And it's probably not a bad thing, since it will end speculation for the next couple of months about any new movement on rates." It's likely, adds Baumohl, that this is the last interest rate adjustment we'll see in 1999, and perhaps well into 2000 - for reasons close to the chairman's heart. "Greenspan...

Author: /time Magazine | Title: Raising the Rates and Keeping the Faith | 11/16/1999 | See Source »

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