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The Closing Bell: Stocks Fimished In Negative Territory After Fed Minutes
FYI: Stocks traded modestly lower Wednesday after the release of minutes from the Federal Reserve’s last policy meeting, but remained above session lows scored early in the session.
Lingering concerns about tariffs weakening the global economy and lukewarm data outside the U.S. also continue to hang over financial markets.
With some investors increasingly wary that higher interest rates could crimp profit growth, the Federal Reserve released minutes from its most recent meeting showing it plans to continue gradually tightening financial conditions. Many analysts expect another rate increase in December, and some think clues about the path for 2019 could cause stocks to swing again.
Although the U.S. economy is growing at a faster pace than it has in years, some investors are anxious that steadily rising U.S. Treasury yields will make stocks less attractive and stoke further volatility. Regards, Ted Bloomberg Evening Briefing: https://www.bloomberg.com/news/articles/2018-10-17/your-evening-briefing
