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Wall Street flat as investors wait for hints on Fed rate hikes

Fed Reserve chief Janet starts 2 days of testimony as it prepares to unwind massive hoard of bonds

Reuters 

US stock indexes were little changed on Tuesday as investors waited for more hints on interest rate hikes from Federal Reserve policymakers and the start of second-quarter earnings. Federal Reserve chief Janet Yellen starts two days of testimony on Wednesday as it prepares to unwind the massive hoard of bonds it bought to ease the financial crisis. "We've got Yellen's testimony tomorrow, there may be a little bit of nervousness ahead of that ... the semi-annual monetary policy testimony has often been a big deal for the markets," Scott Brown, chief economist at ...

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First Published: Tue, July 11 2017. 21:31 IST
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