W3Schools

Need to Know: Here’s why now might be a good time to cash in on oil gains

Enough of politics — it’s time for some good old-fashioned central-bank distraction.

Stock futures are showing that Wall Street’s gains may be running out of steam after Tuesday’s run, which is why investors will keep a close eye on the flurry of Federal Reserve officials coming our way today. It wasn’t just the appearance of a win for Hillary Clinton at Tuesday’s debate that helped prop up stocks, but also the prospect of the Fed pushing out rate hikes to December.

When the central bank’s chief Janet Yellen testifies on Capitol Hill this morning, investors will be looking for her to “bridge the gap” between policy makers’ divided views, says Interactive Investor’s Rebecca O’Keefe.

>>> Original Source <<<

Comentários