Stocks were mixed Wednesday afternoon as investors digested a key monetary policy decision from the Federal Reserve, which included a formal announcement of the central bank’s start to tapering its pandemic-era asset purchases. A day after major benchmarks closed at record highs, stocks struggled for direction as investors considered theContinue Reading
Dallas Federal Reserve President Robert Kaplan cited likely excesses in the housing market and other inflation signs as an indicator that the central bank should begin gradually pulling back on its asset obtain program. With the Fed still acquiring at least $120 billion in bonds each and every thirty dayContinue Reading
U.S. stocks finished a bruising session down, but off session lows, after the release of minutes from the Federal Reserve’s April policy meeting underscored an emerging debate at the central bank over inflation risks and when to start discussing a pullback of its asset purchases. Also Wednesday, the European CentralContinue Reading