The Traderszone Network

The Labor Department said on Wednesday its Consumer Price Index dropped 0.2 percent last month as a broad decline in energy prices offset increases in food and shelter costs. Economists had expected consumer prices would be flat in August. “There is still enough slack in the economy to keep a tight lid on price increases, which should support the view of those within the Fed arguing in favor of patience before the first rate hike,” said Anthony Karydakis, chief economic strategist at Miller Tabak in New York.

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A look at the charts indicates that this big biotech stock could break down in the near-term.

The Securities and Exchange Commission, watching HFT firms more carefully these days in the wake of market disturbances, has fined New York-based Latour Trading for violating the regulator’s capital requirement rules.

The listings of the Chinese e-commerce giant is expected to start on Monday, September 29.

Stocks traded quietly higher Wednesday ahead of the Fed’s policy statement at 2 p.m. ET. The Dow Jones industrial average, S&P 500 and Nasdaq all rose 0.1%. Nasdaq volume was tracking about 16% lower than Tuesday’s level. NYSE volume fell 5%. In the stock market today, FedEx (FDX) gapped above a flat-base buy point of 155.41. Shares jumped nearly 4% after the company reported a 37% rise in quarterly profit.

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Apple is planning to announce two new iPads and release its next Mac operating system on Oct. 21, The Daily Dot reports.

IBM is reportedly cutting the pay of employees who need training.