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Stocks stay mostly lower as the Fed stands pat on interest rates

“U.S. stocks remained mostly lower on Thursday as the Federal Reserve kept interest rates unchanged in an unanimous decision and signaled that it would continue to tighten monetary policy at a gradual pace” writes Markets Reporter for marketwatch.com. The absence of any major changes to its commentary suggests that the central bank still plans to raise interest rates in December and three hikes next year, in line with market expectations.If, however, the Fed does include language in its statement that indicates it will be “flexible in its approach,” to the course of future interest rates, expect to see the market rally, he said.See: Here’s why stock investors say ‘gridlock is good’ after midterms deliver split Congress Meanwhile, quarterly earnings continue to roll in.
 
Source: marketwatch.com



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