Wall Street muted as investors look to Fed after stocks recovery

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The story "Wall Street muted as investors look to Fed after stocks recovery" was covered 7 hours ago by Channel News Asia, a news publisher based in Singapore.

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Wall Street muted as investors look to Fed after stocks recovery - Channel News Asia

Quick Summary:

:Global shares idled on Wednesday after a lengthy rebound propelled them towards recent record highs, and as investors awaited clues on interest-rate cuts from the Federal Reserve to decide their next move.

Fed Chair Jerome Powell is expected to further cement the view that the central bank is about to start loosening credit conditions after taming the worst outbreak of inflation in 40 years when he speaks on Friday at the Fed's Jackson Hole conference in Wyoming.

Oil prices fell again on Wednesday.U.S.crude lost 1.69 per cent to $71.93 a barrel and Brent fell to $76.09 per barrel, down 1.44 per cent on the day.