U.S. stocks fluctuate amid Fed policy, growth risks - BNN Bloomberg

U.S. stocks struggled for direction as investors digested the latest hawkish noises from the Federal Reserve amid mounting signs of a global economic slowdown.

Investors will pore over Fed Chair Jerome Powell’s speech at the Jackson Hole symposium on Friday for a sense of how hawkish the U.S. central bank will be in the face of mounting economic challenges. A global rebound in equities from a June low has stalled ahead of the widely-anticipated event.

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Top Toronto fund manager sours on U.S. stocks as recession looms - BNN BloombergIG Wealth Management, one of Canada’s biggest asset managers, is cooling on the U.S. stock market while boosting its position on its home country as valuations sink to some of their lowest levels on record.
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