Stocks were mixed on Friday as investors sought more clarity on what the Federal Reserve will do next.
The Fed surprised investors on Wednesday when it kept its stimulus going at $85 billion a month, rather than trimming it as most expected.
Investors may get new clues on Friday after several Fed officials speak. St. Louis Fed president James Bullard told Bloomberg that it's possible the Fed will reduce its bond-buying at its next meeting in October, depending on what economic data show. The presidents of Federal Reserve branches in Minneapolis and Kansas City, Mo., are also scheduled to speak on Friday.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
