While you were sleeping: Dow ekes out record high

Tue, 19 Sep 2017

By Margreet Dietz Sept. 20 (BusinessDesk) - Wall Street inched higher, with the Dow reaching a fresh record, as the Federal Open Market Committee began its two-day meeting after which it is widely expected to announce a plan for the reduction of its balance sheet. “People are in wait-and-see mode,” Brad McMillan, chief investment officer for Commonwealth Financial in Waltham, Massachusetts, told Reuters. “The expectations are that rates will remain unchanged and they [the Fed] will start balance sheet unwinding. But there’s always a poss...

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