Buoyant stocks hold near record highs ahead of Fed

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Reuters

By Tommy Wilkes LONDON (Reuters) – World stock markets treaded water near record highs on Wednesday as investors braced for any hawkish signals from the conclusion of the Federal Reserve’s two-day policy meeting, and oil prices hit their highest since April 2019 on recovering demand. Investor bullishness about the economic recovery after COVID-19 and ample stimulus from central banks and governments has propelled stocks to record highs and pushed volatility across asset classes to levels last seen before the pandemic roiled markets in March 2020. But inflation is also rising in the United Stat…

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