The Federal Open Market Committee (The Fed) Will Release Their Statement At Approx. 2:20 P.M. ET; Also, Featured Earnings For Today

Published: May 9, 2007, 4:43 am

Tags: stock, investments, bernanke, announcement, fed, earnings, stocks, fomc

Investors will be awaiting the words of Chairman Ben Bernanke today. The Fed is expected to leave interest rates unchanged and to address both moderate economic growth and inflationary pressures. Any difference in the statement's phrasing will be examined "under a microscope" and could lead to price fluctuation in the major indexes. Today, this is the major story in focus throughout the investment world. However, there are other affairs to speak of concerning earnings. DirecTV Group Inc. (DTV) reports today. Analysts are expecting earnings of .30/share on $3.9 billion in revenue. With increased competition encompassing the market, it should be interesting to hear their guidance/outlook. It will be possible to further gauge the strength/weakness of the housing market when Toll Brothers Inc.(TOL) reports. Analysts estimate earnings per share of 41 cents, with revenue coming in at $1.10 billion. Whole Foods Market(WFMI) also reports today. WFMI began the quarter by announcing the

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