Tuesday, 15 September 2015

Wall Street Pushed Down By Fed Jitters, Weak China Data

US stocks closed down on Monday as many investors put off making big bets ahead of the Federal Reserve's policy meeting this week and others worried about weak economic data from China.

 Stocks are expected to stay volatile ahead of a Federal Reserve announcement scheduled for Thursday after a two-day meeting at which it will decide whether or not to make its first interest rate increase since 2006. 
"There's absolutely no conviction up or down. Everybody's waiting on the Fed. The Fed's sitting around singing that tune 'Should I stay or should I go now. 
If I stay it will be trouble. If I go it will be double'," said David Spika, global investment strategist for the GuideStone Funds, in Dallas, Texas citing lyrics from a popular song by The Clash.

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