According to The Street, “stock futures held close to the flatline on Wednesday, Sept. 20, with investors given little impetus to move higher until the Federal Reserve announces policy decisions on interest rates and its balance sheet.” This should not serve as much of a surprise to most investors. Rather, it should remind people to be on their toes for when the Fed announces its new policy this afternoon.
“If the signals are right, then this week should mark the point when the … Fed finally begins the long-overdue process of unwinding its bloated balance sheet,” said Aberdeen Standard Investments investment manager James Athey. “That would make it a milestone in the post-crisis monetary experiment.”
Bad news from south of the border as well as the Caribbean may at some volatility to the week so be sure to follow reports on both the earthquake in Mexico City as well as Hurricane Maria.
To get more information, go to thestreet.com, and don’t forget to subscribe to our free newsletter to get more updates such as these straight to your inbox.
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