To do this, the central bank could indicate with a formal directive that it thinks its next interest-rate move will most likely be an increase.

Any further peace or interest-rate moves or large drops in the price of oil probably will not come until the beginning of next year, he added.

And it has become even more difficult as stock investors have intensified their focus on the Fed's interest-rate moves.

Next, even the political factor can be rationally evaluated, although not calculated by basis points of interest-rate moves.

The dollar fell yesterday, despite the Fed's interest-rate move, which pays foreigners and other investors more money to hold dollar-denominated assets.

The only forecasts that the Fed's interest-rate moves could have helped were for industrial production.

Investors might also want to be cautious about any stock fund with large positions in industries that are traditionally affected by interest-rate moves.

Trying to steer the economy through interest-rate moves involves an agonizing wait before any effect is discernible.

The German central bankers defended their interest-rate move on economic grounds, citing fear of rising inflation.

It justified the interest-rate move because its key measure of the German money supply had fallen below the bank's target range.