While you were sleeping: Stocks fall before Fed meeting

Mon, 15 Sep 2014

By Margreet Dietz Sept. 16 (BusinessDesk) - Wall Street fell while US Treasuries rose after a report showed a surprise decline in US industrial production a day before Federal Reserve policy makers begin their two-day meeting, which may offer new clues on the timing of an interest rate increase. The focus is on whether the Federal Open Market Committee will change its language with regards to interest rates staying low for a “considerable time” after it ends its monthly bond-buying program, currently at US$25 billion. The program is expec...

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