While you were sleeping: Wall St pares gains after fresh records

Mon, 18 Sep 2017

By Margreet Dietz Sept. 19 (BusinessDesk) - Wall Street moved higher, paring some gains after rallying to record highs amid optimism about the US economic outlook and corporate profits, as investors eyed a meeting by the Federal Reserve which is set to tighten monetary policy. The Federal Open Market Committee begins its next two-day meeting on Tuesday. It’s expected to keep its key interest rate steady but begin unwinding its balance sheet. “QE certainly is over; QT is about to begin,” Anthony Crescenzi, Pimco portfolio manager, tol...

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