Wall Street opens higher ahead of Fed statement
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September 16, 2020 7:03 AM
NEW YORK (AP) — Stocks on Wall Street are opening higher Wednesday ahead of a Federal Reserve policy announcement. The S&P 500 is up 0.4%, led by Kate Spade owner Tapestry. Package delivery giant FedEx is also up on a strong quarterly earnings report. The Fed is not expected to change its monetary policy, but investors are watching for clues on the outlook for the economy and interest rates. Japan’s central bank has begun a policy meeting that will wrap up Thursday but also is not expected to result in any major changes. Meanwhile, the price of crude oil is edging up.
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