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News > Economy
Interest in Fed briefcase
February 1, 2000: 9:05 a.m. ET

Fed watchers eye size of Greenspan's FOMC tote-along
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NEW YORK (CNNfn) - Investors temporarily ignored economic data and focused on another possible predictor of future interest rates -- Federal Reserve Chairman Alan Greenspan's early morning stroll to Tuesday's Federal Open Market Committee (FOMC) meeting.
    The bulk of Greenspan's briefcase as he heads for the closed-door FOMC meeting is the best economic indicator of all, some say.
    A well-lined tote, say market sages, means an interest rate hike in the offing, as Greenspan will have to haul along documentation to justify his decision.
    On the other hand, a slimmish satchel means rates will remain pegged right where they are.
    A rate hike between a quarter and a half percentage point has been widely expected by many, as the U.S. economy barrels through into its 107th month of unprecedented growth, raising fears of inflation.
    
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    On the way in to the two-day meeting, Greenspan's expression was neutral -- but what will the Fed Chairman's call on interest rates be? You decide. Back to top

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.