Shares of banks and other financial institutions ticked down ahead of a high-stakes Federal Reserve meeting.
While the overwhelming likelihood is that the Fed cuts rates by 25 basis points Wednesday, much remains to be seen on how the central bank balances concerns about rising unemployment with its ongoing fight against inflation.
"They're going to have to continue with this dual mandate," said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management. "And then the question is: 'What's the lesser of two evils? More folks being unemployed, which is terrible, or everyone having to deal with inflation, which is probably worse...worse, unless you're the one unemployed...They're going to have to pay attention to both sides of the mandate."
Wall Street credit-ratings and analytics company S&P Global and its partners are developing software designed to help investors better analyze private-equity funds and managers.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
09-15-25 1832ET
