Snapshot: Day ends down amid guessing about Fed


The Fed guessing game threw the markets for another loop as the president of the Federal Reserve Bank of Kansas City cited “improving economic conditions” and evidence that financial markets are growing dependent on the Fed’s support. He called for slowing down the Fed’s stimulus program. It’s clear the Fed’s next step will be to pare its bond-buying, but no one knows when. So traders have been trying to out-guess each other. The next big clue will be the monthly jobs survey, due Friday. A weak report could encourage stock investors; it would imply the Fed will keep buying bonds to juice the economy. The S&P 500 fell 0.6%; it had lost as much as 1%.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of