Stocks Halt Record-Breaking Rally in Fed Countdown: Markets Wrap

Wall Street traders gearing up for the Federal Reserve decision refrained from making big bets as they awaited clues on the path of rates that will shape the outlook for markets over the next few months.

A solid reading on retail sales did little to move trading, with a rally in equities fading near a record and bonds edging higher.

Wall Street gears up for Fed.

Source: Bloomberg

The value of retail purchases, not adjusted for inflation, increased 0.6% after a similar gain in July. The control-group sales — which feed into the calculation of goods spending for gross domestic product — climbed 0.7%, indicating a ...