Market Highlights

Wall Street traders gearing up for the Federal Reserve decision refrained from making big bets as they awaited clues on the path of rates that will shape the outlook for markets over the next few months. A solid reading on retail sales did little to move trading, with a rally in equities fading near a record and bonds edging higher. Asian stocks swung between small gains and losses ahead of the Federal Reserve’s policy decision with investors speculating the central bank will cut interest rates for the firsttime this year.