Wall Street expects U.S. companies to slow their borrowing in debt markets, but only by a little, as slightly more expensive conditions take hold and the Federal Reserve moves to reduce monetary aid later in November.
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Wall Street expects U.S. companies to slow their borrowing in debt markets, but only by a little, as slightly more expensive conditions take hold and the Federal Reserve moves to reduce monetary aid later in November.
Federal Reserve Chairman Jerome Powell on Wednesday made official what many big corporations and debt investors already were anticipating for months: a $15 billion cut to its $120 billion in monthly bond purchases, starting in mid-November.
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