INQUIRER.net: Global stock markets drift ahead of Fed statement

INQUIRER.net Philippine News for Filipinos

Global stock markets drift ahead of Fed statement Jul 31st 2013, 10:29 BANGKOK  — Global stock markets drifted Wednesday as investors waited for the Federal Reserve's latest assessment of the U.S. economy.   The Fed is not expected to announce any big changes when it releases an updated policy statement Wednesday at the end of a two-day meeting. However, investors are anxious for clues about when the Fed might start scaling back its monetary stimulus.   "We're unlikely to get anything new, but obviously everyone is cautious just in case we get anything new," said Andrew Sullivan of Kim Eng Securities in Hong Kong.   The Fed is buying $85 billion in Treasury and mortgage bonds every month to spur growth and lending. Wh... Keep on reading: Global stock markets drift ahead of Fed statement Media files: kevin-coulter.jpg (image/jpeg)

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