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The Slippery Slope of Interest Rates

Daily Recap

Today's price action was characterized by more churning as investors await the Federal Reserve's decision on interest rates this Wednesday. The Bank of Japan, Bank of England and the Swiss National Bank are also scheduled to hold policy meetings this week, making it an eventful few days for global monetary policy.


At the close, the Industrials are down 21 points with the Transports down a larger 0.41%. Most other major averages closed in the green, with the Nasdaq up a quarter percent and the S&P 500 up 0.4%. International markets also did well with the Europe Dow up 0.28% and the Asia Dow up 0.71%.


Fixed income markets fared a bit worse, with nearly all maturities of  U.S. Treasuries in the red. The yield on the 10-year note rose to 2.63%. The dollar also traded lower most of the day before managing to stage a small comeback, its index closing 0.1% higher on ... Log in or subscribe to continue reading.

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