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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 conceive “the Fed is sauntering into a policy mistake, ” Nicholas Colas, co-founder of DataTrek Research, wrote to clients recently.

It’s almost a slam dunk that the US central bank conjures rates again in December, the fourth hike of 2018. But the bulls on Wall Street are hoping that Fed chief Jerome Powell signals a slower speed in 2019. The Fed could plunge evidences when it freeings times from its November meeting on Thursday.

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