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Global Markets: All eyes on US Fed announcement

By Commodity News Service Canada

WINNIPEG, Sept. 21 (CNS Canada) – The following is a glance at the news moving markets globally and in Canada.

US FEDERAL RESERVE TO ANNOUNCE RATE DECISION
The US Federal Reserve is set to announce its latest interest rate decision later Wednesday, following two days of talks. The Fed is generally expected to hold rates steady this time, but future increases are expected and investors will be reading the accompanying statement closely for hints on upcoming moves.

CANADA WHOLESALE TRADE UP IN JULY
The value of Canada’s wholesale trade was up by 0.3 per cent in July hitting C$56.5 billion, according to Statistics Canada. The increase marked the fourth consecutive increase.

VOLKSWAGEN SUED
Investors are suing Volkswagen to the tune of 8.2 billion euros (US$9.1 billion), as they look to claim damages following the company’s emissions scandal.

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