Global Markets: US Fed decision to be announced

(Barry Wilmore photo courtesy NASA)

By Commodity News Service Canada

WINNIPEG, October 28 – The following is a glance at the news moving markets globally.

ALBERTA GOVERNMENT HOPES SPENDING WILL STIMULATE ECONOMY

Alberta Finance Minister Joe Ceci said Tuesday that the NDP government will be using spending stimulus to boost the economy.

The province faces a record C$6.1 billion deficit. Ceci said in a budget speech that billions in capital investment will stimulate the economy and add jobs.

The NDP are also planning on reversing cuts to essential services proposed by the previous government.

US FED EXPECTED TO HOLD INTEREST RATES STEADY

The US Federal Reserve is scheduled to make a policy announcement on Wednesday, and will likely hold interest rates steady, for now, but analysts are watching for indications on when the Fed will raise interest rates.

The Fed hasn’t raised interest rates in about 10 years, but has said it would do so before the end of 2015.

TWITTER’S REVENUE FORECAST SLUMPS, USER GROWTH STAYS STAGNANT

Twitter Inc., a social networking service, said its revenue forecast is between US$695 million and $710 million in the fourth quarter.

The news came amid slumping user growth, and caused the company’s shares to fall about 13 per cent.

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