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Latest Business News: Markets Edge Higher as Fed Meeting Starts

Wochit 0:55 mins

Stock markets edged higher as a two-day policy meeting of the U.S. Federal Reserve got under way - a meeting that could have a huge influence on how investors see the future path of the country's monetary policy. Investors accustomed to late market volatility at the end of the quarter should expect an extra jolt on June 28, when billions of dollars in stock trades will be executed in less than two seconds,when Russell Investments sets the final update for the annual reconstitution of its indexes. Swiss lawmakers dealt a serious blow to a plan that could enable the country's banks to avoid the threat of prosecution in the U.S. by collectively coming clean about their dealings with suspected American tax evaders.

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