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Stock Analyst Update

Morningstar on the Market: Week through 8/25/00

Which stocks are hot and which are not.

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Investors got good news on the interest-rate front this past week but discovered that it had already been factored into most stock prices.

As anticipated, the Federal Reserve opted to leave short-term interest rates alone, deciding that the six rate increases it has handed down since June of last year are slowing the economy enough, at least for now, to hold inflation at bay. Rather than celebrate, however, investors, that is, those who had not gone on vacation, reacted cautiously because monetary policymakers still have more opportunities to change their minds after the fall election and have vowed to remain vigilant for signs of inflation.

Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.