Bloomberg -- WallStreet banks, facing a drop in third-quarter trading revenue, are counting on todays Federal Reserve announcement to spark a surge in volume.
Banks including JPMorgan Chase & Co. and Barclays Plc have indicated to investors that trading revenue for the period probably will be down from a year earlier. Jefferies Group LLC, whose third quarter ended in August, said yesterday fixed-income trading revenue plunged 88 percent while equity trading fell 28 percent.
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