China’s central bank joined its
European counterpart in boosting liquidity to address weakening
growth, underscoring a divergence in direction among the world’s
biggest economies as the U.S. reduces stimulus.
The California Public Employees’
Retirement System’s decision to divest its entire $4 billion
from hedge funds came after officials concluded the program
couldn’t be expanded enough to justify the costs.
U.S. stocks fluctuated after the
Federal Reserve maintained its pledge to keep rates low for a
“considerable time” after the end of its bond-buying program
while raising its median estimate for the federal funds ...