A bevy of corporate bond sales, Berkshire Hathaway Inc.'s (BRKA, BRKB) takeover of railroad operator Burlington Northern Santa Fe Corp. (BNI) and the start of the Federal Reserve monetary policy meeting kept credit markets busy Tuesday.
The Fed is due to release a statement Wednesday afternoon on the latest outlook on inflation and the economy. The focus is likely to be on any change in wording on the Fed's exit strategy to unwind the massive stimulus as the economy heals.
Many portfolio managers, worried about the impact of the Federal Reserve's removal of its market props, already are turning their ...
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