NEW YORK, Sept 18 — Wall Street closed little changed yesterday as market participants looked ahead to the US Federal Reserve’s expected decision to leave key interest rates...
NEW YORK, Sept 18 — Wall Street closed little changed yesterday as market participants looked ahead to the US Federal Reserve’s expected decision to leave key interest rates unchanged tomorrow.
Against this backdrop, growing jitters that a stalemate on Capitol Hill could result in a potential government shutdown had market participants on edge. Financial markets have currently baked in a 99 per cent certainty that the Fed will hold the key rate at 5.25 per cent-5.00 per cent tomorrow. “Investors are questioning the likelihood of a slowdown versus the hard landing, wondering if things could get worse than forecasters are currently projecting,” Stovall added.
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