World Week Ahead: China and the Fed

Sun, 23 Aug 2015

By Margreet Dietz Aug. 24 (BusinessDesk) - The Federal Reserve is preparing for its annual meeting in Jackson Hole amid intensifying concern the slowing growth in China will impact the global economy and US corporate profits. Wall Street sank last week, along with other equity markets, as did US oil which briefly slid below US$40 a barrel. The declining appeal of stocks and an increased appetite for the perceived safety of the safest of fixed-income securities lifted US Treasuries. On Wall Street, the Dow Jones Industrial Average slum...

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