FED WATCH: Investors looked ahead to an appearance Thursday by Bill Dudley, president of the U.S. Federal Reserve Bank of New York, for signs of the Fed’s outlook on the economy. They are looking for confirmation the Fed is sticking with plans for a possible December interest rate hike.
ANALYST’S TAKE: The U.S. jobs figure “was through the roof” and the NFIB survey “painted a much better picture for the U.S. economy than most believed,” said Stephen Innes of OANDA in a report. Against that backdrop, Dudley might provide an upbeat outlook and confirm the Fed is on track for a rate hike, said Innes. Still, he said, “the Washington, D.C., bedlam and North Korea’s saber-rattling is muddying the broader landscape.”
CURRENCY: The dollar declined to 109.79 yen from Tuesday’s 110.34 yen. The euro edged down to $1.1726 from $1.1751.
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