"... Federal Reserve Chairman Ben Bernanke will speak about the economic outlook and Fed policy this afternoon at the Economic Club of Washington, and investors will be listening for any hints about when the Fed might start to raise interest rates. Many experts believe Friday's jobs report gave the Fed some latitude to raise interest rates sooner rather than later, and the dollar was gaining ground on speculation of a rate increase in the near future. ... "There's a possibility of the Fed raising interest rates in the first quarter, and the market is beginning to factor that in," Peter Cardillo, chief market economist at Avalon Partners, told CNNMoney.com. "That's caused an unwinding of a little risk in the market." MSN |