Stocks, dollar flat as investors brace for Fed statement





Stocks, dollar flat as investors brace for Fed statementU.S. stocks and the dollar were steady on Wednesday with investors cautious ahead of a U.S. Federal Reserve statement that may give clues on whether the central bank will raise interest rates for a third time this year. MSCI’s World index <.miwd00000pus>, which tracks stocks in 46 countries, was up 0.1 percent and hit another record, while U.S. Treasuries prices gained slightly. The U.S. central bank is widely expected to announce that it will begin paring its bond holdings, and many analysts and investors expect the reductions may begin in October.


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