Stocks fall from records ahead of Fed decision on rates

Consumer behavior veered sharply during the pandemic. As COVID-19 restrictions let up in California, we’ll see whether these changes endure, or if they too will fade.

Most economists expect the Fed to say again Wednesday that it sees higher inflation as being only temporary, which would allow it to hold steady on its support for markets. But they also say Wednesday afternoon could offer the first sign that the Fed is mulling over when to start slowing its purchases of bonds.

There are limited signs that inflation may be cooling in some parts of the economy. Lumber and copper prices have dropped from their highs a few weeks ago. Copper sank an additional 4.3% on Tuesday, and miner Freeport-McMoRan’s stock fell 4.8%.

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Stocks end slightly lower ahead of Fed decisionStocks pulled back modestly Tuesday, as investors awaited the outcome of a Federal Reserve policy meeting. The Dow Jones Industrial Average fell around 94 points, or 0.3%, to close near 34,300, according to preliminary figures. Navi_Uptown DeDay_UPTown ... the Dollar, the Stock Market, everything U.S., crashes with a Civil War. China and Russia greatest Dream.
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Stocks wait at record peaks for Fed; oil marches higherGlobal shares held near record highs on Monday while U.S. bond yields flirted with three-month lows as investors expect the Federal Reserve to stick to its dovish mantra later this week. We need to speak up about the volume this morning... Just a normal, everyday run of the mill volume reset during premarket on Webull AMC
Source: Reuters - 🏆 2. / 97 Read more »