Key News• Iceland's central bank unexpectedly raised the benchmark interest rate to 18 percent, the highest in at least seven years, after the island reached an aid agreement with the International Monetary Fund. (Bloomberg)• Interbank cost of borrowing funds fell across the board on Tuesday, according to the latest daily fixing from the British Bankers' Association, as the recent turmoil on financial markets eased. (Reuters)• Key Reports Due (WSJ):7:45a.m. ICSC/Goldman Sachs Chain Index For Oct 25: Previous: -1.6%. 8:55a.m. Redbook Retail Sales Index For Oct 25: Previous: -1.1%. 9:00a.m. Aug S&P/Case Shiller Home Price Index: Previous: -17.9%. 10:00a.m. Oct Conference Board Consumer Confidence: Expected: 52. Previous: 59.8. 10:00a.m. Oct Richmond Fed Mfg Survey: Previous: -18. 5:00p.m. ABC/Wash Post Consumer Conf For Oct 26 Previous: 50. Two-day FOMC meeting begins.

Quotable "A good conspiracy is unprovable. I mean, if you can prove it,