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WASHINGTON, DC, June 26, 2007 -- The Federal Reserve Board's decision today to leave interest rates at 5.25% seemed to be exactly what investors wanted to hear, as the news helped rally the market.
"This decision bodes well for businesses in the near term because the cost of borrowing will remain relatively low," says Brian Bourdon, vice president of Bay Capital Advisors, an investment advisory firm headquartered in Virginia Beach."
Bourdon says looking long term, the decision should help move real estate as builders, buyers, and sellers look to capitalize while rates tread water.
"Coupling this with some very temperate language regarding inflation, investors were appeased at least for the moment," says Bourdon, and expert on economics and investing.
"Look for the market to continue a lurching, upward course similar to the days when the DOW was approaching 10,000," he says. "News on subprime issues and summer gasoline reserves will likely be focal points in the coming weeks causing further back and forth movements."
In your continuing coverage of this story, feel free to call Brian for comment, analysis or background at (703) 675-9131. More on Brian and Bay Capital Advisors can be found at www.baycapitcaladvice.com.
About Brian Bourdon
Bourdon is vice president of the financial planning and investment company Bay Capital Advisors, and leads the Washington, D.C. office. His deep understanding of the financial world, national and global economics, and investing make him an outstanding Expert Resource for your articles. From 2002 - 2006, he was a familiar and trusted voice during the evening D.C. commute as a radio host on the popular program Monday Money Talk.
Brian Bourdon contact
brian@baycapitaladvice.com, (703) 675-9131
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