Monday, December 10, 2007 4:41:45 PM - The stock market rallied Monday, with the Dow closing up over 100 points in anticipation for Tuesday's FOMC meeting. The economic event of the week will take place at 2:15 pm ET tomorrow, when the Federal Reserve will announce their last interest rate decision of 2007.
Tuesday morning, data on wholesale inventories will be made public in October. Analysts expect inventories to tick 0.5 percent, less than the 0.8 percent increase in September.
At 2:15 pm ET, the FOMC will announce their decision regarding a potential rate cut. The markets have fully priced in a rate cut of at least 25 basis points, however mostly solid economic data outside of the housing markets have investors uncertain if the cut will be 25 or 50 basis
read more:FOMC Meeting Set For Tuesday - Economic Preview
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