Stocks Drop Before Fed’s Last Decision of the Year: Markets Wrap
- US retail sales increased at a firm pace in November: data
- In Canada, inflation dropped below the central bank’s target
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US stocks declined as traders braced for the Federal Reserve’s widely anticipated rate decision and its forecast for next year.
The S&P 500 and the Nasdaq 100 slid 0.4%. The Dow Jones Industrial Average posted its longest losing streak since 1978. The yield on 10-year Treasuries was little changed at 4.40%. Bloomberg’s dollar gauge fluctuated for most of the session.