All eyes on Fed move to help ailing US markets

PETALING JAYA: All eyes and ears will now be on what the US Federal Reserve (Fed) will do or say at its upcoming meeting on Tuesday as turbulence roils the US stock markets. 

Reeling from what has been described by Bear Stearns Co as the worst debt market in two decades, the decision facing the Fed would be whether to cut interest rates to bolster the economy at the expense of containing inflation, or to talk up the market.