The U.S. Federal Reserve has announced that, starting in January, it will cut its monthly stimulative bond purchasing from $85 billion to $75 billion.
Investors are waiting to see what the Federal Reserve will announce about its easy-money stimulus policies before injecting any more money into the market. As a result, stocks fell today.
After becoming the first euro zone economy to successfully finish its bailout, Ireland today revealed its debt-cutting fiscal blueprint for the next seven years.
As investors wait for an announcement from this week’s Federal Reserve meeting, oil fell today, reversing gains made in the morning.
Today, U.S. stocks stopped their worst skid since August due to investors weighed data against expectations for the outcome of this week’s Federal Reserve meeting and its effects on tapering.
U.S. stocks fell again today, marking the S&P 500’s biggest two-day decline in two months, as investors feared that a congressional budget deal could mean Federal Reserve stimulus tapering as soon as next week.