Fed likely to make conventional rate cut

IT'S all about the Fed.

Last week, US stocks went nowhere fast, amid conflicting signals from earnings reports, Iran and - above all - the Federal Reserve.

While stocks gave up some gains, major indexes remain close to all-time highs. This week is likely to see more minor jitters unless events in the Middle East, earnings reports, or the European Central Bank (ECB) can break the market's monomania.