All eyes are on the Fed. When will it begin to raise interest rates? Some say next summer. Others think sooner, in the first quarter of next year. A few Fed governors insist that will be too late, that the Fed needs to act before year-end. Analysts hoped some hints could be gleaned by reading between the lines of Fed Chair Yellen’s speech in Jackson Hole on Friday morning, or perhaps from nuances in her tone of voice. That is how much investors, who despised the Fed ...
U.S. Stocks Are Little Changed Before Fed Policy Decision U.S. stocks were little changed, following a three-day gain for the Standard & Poor’s 500 Index, as investors awaited the latest monetary-policy decision from the Federal Reserve. The S&P 500 added less than 0.1 percent to 1,942.54 at 9:31 a.m. in New York. “I would be shocked or alarmed if we get any surprising news out of the decision today,” Randy Frederick, managing director of trading and derivatives ...
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