Another month has passed and that means another FOMC announcement. Treasuries were down this morning amid speculation the Fed will announce a reduction in bond purchases. Economists agree the reduction could be to the tune of $10 billion a month, mostly in Treasuries. Housing starts rose in August according to a Bloomberg survey.
What’s Up on Wall Street?
The Dow Jones Industrial Average decreased 18.67 points (-0.13%) while the Nasdaq increased 4.16 points (0.11%). Also, the S&P 500 dropped 0.10 points (-0.01%).
Here are some of today’s rates:
Here are a few links to some of today’s financial articles. Be sure to leave a comment below if you know of any additional financial articles that are trending today.