Thursday, June 28, 2007

Futures flat before Fed rate decision

(Reuters) - In company news, wine and spirits company Constellation Brands Inc. said quarterly profit fell sharply, hurt by a plan to cut the amount of wine it ships to U.S. distributors and lower results from its British business.




The Fed's benchmark fed funds target rate is forecast to remain steady at 5.25 percent, but investors will scrutinize the accompanying statement for any signal that the Fed is preparing Wall Street for a shift in monetary policy.


Read more at Reuters.com Business News

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