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The last hike in the Fed Funds Target Rate was exactly a year ago today, and there it has remained. Mixed messages from economic data have pressed analysts estimates both up and down, the current consensus is now for a cut in 2008. Revisiting an old table we look below at how the market has reacted to long periods of unchanged rates. We have also included a chart of the S&P 500 versus the Fed Funds Rate since 1989.
The current period is catching up to the largest gains, far outpacing the the average gain of 12%, but significantly shorter than the longest period of 1070 calendar days.
When in rock history where you could start your rock career?
If I can choose which era in rock history so that I could start my rock career, I would have belonged in the British Invasion period of the 1960s when bands such as The Beatles, The Rolling Stones, and The Who gained popularity. Being the John Lennon/Mick Jagger/Roger Daltrey type of leader of the group, I would shape rock history with concept albums, psychedelia, and rebellious music.
What about you? When in rock history where you could start your rock career? Why?
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