U.S. government debt prices were slightly higher Wednesday morning as investors awaited the outcome of the Federal Reserve's two-day meeting, which should offer a glimpse into the country's economic recovery prospects.
The Federal Open Market Committee will announce its monetary policy decision and economic projections at 2 p.m. ET following its annual symposium in Jackson Hole., markets will be hoping that the central bank maintains its accommodative stance.
Also on investors' radar Wednesday will be August's retail sales figures, due for publication at 8:30 a.m. ET, which should offer another indication as to the health of the recovery in consumer sentiment.U.S. violated its international trade rules through its imposition of multi-billion dollar tariffs on Chinese goods as part of the recent trade war between the two economic powerhouses.
House Speaker Nancy Pelosi on Tuesday signaled that Democrats were open to postponing the planned October recess in order to work toward a compromise on a new coronavirus aid package. The White House has indicated a $1.5 trillion proposal from the Problem Solvers Caucus, a bipartisan group of lawmakers from both sides of the aisle.
Auctions will be held Wednesday for $25 billion of 105-day Treasury bills and $30 billion of 154-day bills.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock futures flat as investors await Fed meetingOn Tuesday, the Dow closed up marginally, after gaining more than 200 points earlier in the session.
Read more »
European markets head for mixed open as investors await Fed outcomeEuropean markets are expected to follow the lackluster lead of their U.S. and Asian counterparts as investors await the outcome of the Fed's policy meeting.
Read more »
Asian stocks head higher on China data, markets eye Fed meetingAsian equities extended gains on Tuesday and the dollar slipped, with investor sentiment supported by Chinese data and optimism about COVID-19 vaccines.
Read more »
U.S. dollar skids to two-week low vs yen as Fed loomsThe dollar dropped to a two-week low against the yen on Tuesday on expectations the Federal Reserve will maintain its downbeat stance on the U.S. economy as it grapples with the COVID-19 pandemic, and keep U.S. interest rates near zero for some time.
Read more »
Trump's Fed pick doesn't have the votesPresident Donald Trump's controversial pick for the Federal Reserve has hit a roadblock: Judy Shelton -- who is in the midst of a troubled nomination to become a member of the central bank -- still doesn't have the votes for confirmation, Sen. John Thune, the Republican Whip, told reporters Tuesday.
Read more »
Trump’s Controversial Fed Nominee Judy Shelton Lacks Senate Votes, Thune SaysRepublicans are still hoping to garner the votes needed to confirm Shelton’s nomination to the Federal Reserve.
Read more »