Investors Fixate on Fed’s Meeting; Final Wave of Microsoft Layoffs Expected This Week

By: , dated September 16th, 2014
Stocks end the day up, with the Dow Jones finishing just below a record close. Investors are keeping a close eye of the Fed’s 2-day meeting and are waiting anxiously to hear what the Fed’s policymakers have to say regarding interest rates. Many are fixating on whether there will be a change in the notion that interest rates will likely stay near zero for a “considerable time” after its bond purchasing program ends. Economists are split on whether the interest rates will rise sooner than expected. It seems like Microsoft’s (MSFT) final wave of layoffs will occur this Thursday. There is still around 5,000 employees, out of the expected 18,000, that still need to be let go.

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