While you were sleeping: Fed positioning

Thu, 11 Sep 2014

By Margreet Dietz Sept. 12 (BusinessDesk) - Stocks on both sides of the Atlantic retreated amid more signs of positive US growth, which is encouraging investors to bet on a more hawkish stance on interest rates when the Federal Reserve meets next week. In late afternoon trading in New York, the Dow Jones Industrial Average fell 0.17 percent, the Standard & Poor’s 500 Index inched 0.02 percent lower and the Nasdaq Composite Index retreated 0.20 percent. Wall Street is trading near record highs, bolstered by the Fed’s low rates and asset...

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