While you were sleeping: Stocks pare advance on Fed

Wed, 28 Oct 2015

By Margreet Dietz Oct. 29 (BusinessDesk) - Wall Street gave up some its earlier gains after the US Federal Reserve said it expects the economy will grow at a “moderate pace” and it kept alive the possibility of a rate hike at its next meeting in December. “The impression the Fed left is that December is still on the table, they didn’t close the door to that,” said Russ Koesterich, a global chief investment strategist at BlackRock, told Bloomberg. “You’re going to see some change of positions here, the main takeaway is the Fed is managing...

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