Stock Market Today: Stocks End Higher, Bonds Yields Jump, As Fed Rate Decision Looms
Stocks finished higher Monday, as investors braced for a key Federal Reserve rate decision that is likely to be echoed by major central banks in Europe and Asia. While investors have long-anticipated another jumbo rate hike from the Fed this week, and particularly after a hotter-than-expected August inflation report, growing concern over the impact of central bank tightening on the broader global economy has added a new dimension to this week's slate of rate decisions. The Bank of England, which delayed last week's policy meeting amid the nation's mourning for Queen Elizabeth II, will meet Thursday, as will the Bank of Japan and the Swiss National Bank.
Published:9/19/2022 3:37:51 PM