U.S. stocks are easing the momentum that fueled a global rally that spread across Europe and Asia after the congressional elections. Benchmark Treasury yields remain near the highest level since 2011. While the resignation of Attorney General Jeff Sessions has threatened to prolong U.S. political uncertainty after the election, attention may now shift to Thursday's Federal Reserve decision due at 2 p.m. Investors will be looking for any signals on the pace of policy tightening in 2019.
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