Markets remained jittery from China’s Evergrande troubles as investors look to the Federal Reserve’s two-day policy meeting Sept. 21–22 for developments around policymakers’ projections for future rate hikes and the timing and pace of tapering the central bank’s massive bond buying program. Asian stocks struggled to shake off contagion fears on Sept. 21 and selling pressure persisted amid concern that troubles at indebted developer Evergrande could ripple across the world economy, markets, and the financial system. Hong Kong’s Hang Seng hit a fresh 11-month low and was down 0.3 percent by midsession, with early gains in banks and property stocks paring a little. Japan’s Nikkei returned from a market holiday with a drop of almost 2 percent. European stocks recovered some ground on Tuesday morning after sharp selloffs the day prior. Wall Street futures rose, suggesting markets were poised for gains on opening bell after U.S. stocks closed deeply in …
Fed Faces Jittery Markets Ahead of Key Policy Meeting That Will Consider Stimulus Rollback
September 21, 2021
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