Direxion 3X Russell Funds (TNA)

[3xBuBu]

Fed Signals Start to Taper of Bond-Buying Stimulus; Powell Discusses Stock Trading by Fed Officials; Brazil Central Bank Raises Key Rate

https://ih.advfn.com/stock-market/stock-news/86122923/fed-signals-start-to-taper-of-bond-buying-stimulus

The Federal Reserve's rate-setting committee said Wednesday in a statement it could start to reduce, or taper, its $120 billion in monthly bond buying as soon as its next scheduled meeting, Nov. 2-3. "The purpose of that language is to put notice out that that could come as soon as the next meeting," Fed Chairman Jerome Powell said. He also discussed recently disclosed stock trading by the heads of the Dallas and Boston Fed banks, adding ethics rules about trading by Fed officials will be reviewed. Elsewhere, Brazil's central bank raised its benchmark lending rate by 1 percentage point to 6.25% and said a similar increase may be coming at its next meeting in October to ensure inflation falls to the bank's target.