Stocks pared gains and Treasuries fell on concern the Federal Reserve may signal it will scale back stimulus efforts at the conclusion of its next policy meeting.
This is a market of relationships. The more we understand those relationships, the better we are prepared for the unknown.
Mexico’s peso is losing its status as the best carry-trade currency for Japanese investors as the Bank of Japan signals reluctance to boost stimulus while the Federal Reserve weighs curbing its asset purchases.
Tucked deep in the 1,198-page U.S. House agriculture policy legislation is an initiative to guarantee prices for sushi rice. So too is insurance for alfalfa and a marketing plan for Christmas trees.