The Fed’s two-day policy meeting will likely dominate investor behavior this week. Its forecasts could move the markets.
NEW YORK (Reuters) – Wall Street stocks were mixed at the close of a languid week marked with few market-moving catalysts and lingering concerns over whether longer-term inflation could prompt the U.S. Federal Reserve to tighten its dovish policy sooner than expected.
Consumer spending rose 0.5% and personal income plunged 13.1% last month. Consumers’ one-year inflation expectations shot up to 4.6%.