This morning, I’ll be guest hosting Morning Call on CNBC, from 11:00am to 12 noon.
On today’s agenda:
- Yesterday’s FED cuts; todays Liquidity injection
- Citigroup’s new CEO/Chairman
- Holiday shopping season
-Inflation, Consumer Prices, Home Sector
Previously on this segment, (10/22), I warned against exposure in the Financial sector — and that turned out to be a terrific call. Are the Financials cheap yet?
Shorter Fed Statement:
Cut 1/4 point federal funds rate
Cut 1/4 point discount rate
Growth slowing, inflation risks remain
Mr. Market no-likey the no-happy talk . . . Dow off
175 275 as I type this
Complete Fed statement after the jump . . .