While you were sleeping: Stocks, bonds rise

Tue, 20 Sep 2016

By Margreet Dietz Sept. 21 (BusinessDesk) - Wall Street rose, as did US Treasuries, as the Federal Reserve began its two-day meeting. The Federal Open Market Committee is not expected to announce an interest rate increase this time, though Wednesday’s post-meeting press conference by Chair Janet Yellen will be closely watched for hints on when the central bank will do so. Traders see a 22 percent chance of a Fed hike Wednesday, according to Bloomberg. "They want to maintain market expectations for a rate hike in case they want to...

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