Heading into Wednesday trading on Wall Street, the Dow was riding a five-session, 3% winning streak, putting blue-chips less than 2% away from their July all-time highs.continued to move higher
, as investors sold government debt over the past few sessions ahead of a flurry of central bank meetings over the coming days. The European Central Bank meets Thursday, with policymakers likely to announce an easing package that could include an interest rate cut. The Federal Reserve meets next Tuesday and Wednesday. U.S. central bankers are widely expected to reduce rates by a quarter-point for the second time this year.
has been pressuring the Fed to cut rates as the U.S.-China trade war threatens to slow global economic growth further.President Donald Trump announces his nominee for Chairman of the Federal Reserve, Jerome Powell , in the Rose Garden of the White House in Washington, DC, November 2, 2017.Wednesday morning, tweeting that the central bank should cut rates to zero or even set negative interest rates.
The nation remembers Sept. 11, 2001 on Wednesday, 18 years since terrorists hijacked four planes and killed 2,983 in New York City, at the Pentagon in Washington, D.C., and in a Pennsylvania field. The New York Stock Exchange, which had closed for six days after the 2001 attacks,
It’s at least marginally refreshing to see that the machines have started figuring out that buying zero yielding bonds if blanking idiotic. But hey, robots are gonna do robot things. One day their algorithms will figure this out, and boy will that be an UGLY day for all.
I guess so much for a crash