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Stock market turmoil: Will the Fed come to the rescue?


New York( CNN Business) 1. Will the Fed blink? The Federal Reserve has the power to stop the mayhem on Wall street.

Investors believe “the Fed is ambling into a policy blunder, ” Nicholas Colas, co-founder of DataTrek Research, writes to clients recently.

It’s almost a slam dunk that the US central bank grows rates again in December, the fourth hike of 2018. But the policemen on Wall street would prefer that Fed manager Jerome Powell signals a slower pace in 2019. The Fed could fell evidences when it liberations minutes from its November meeting on Thursday.

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