Popular News From Popular Sites: Wall Street rebounds after selloff; Fed minutes due

Wednesday, May 21, 2014

Wall Street rebounds after selloff; Fed minutes due

Specialist Peter Giacchi shouts a trading price for Jumei during the company's IPO on the floor of the New York Stock Exchange By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stocks rebounded on Wednesday after a broad selloff in the prior session, ahead of the release of minutes from the most recent meeting of the U.S. Federal Reserve. "I suspect they are going to continue this low interest rate environment, very accommodative monetary policy, for a very long period of time in an effort to help markets feel a little bit calmer as it relates to a hike in interest rates," said Joseph Tanious, global market strategist at J.P. Morgan Asset Management.




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