• Asia stocks sag as Fed tempers Wall Street rally, dollar firm

    5 days ago - By Reuters

    Asian stocks dipped on Friday as Wall Street took a breather after the Federal Reserve kept intact its plans to continue raising interest rates at a gradual pace, with a fourth hike for this year expected next month.
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  • Business Highlights

    5 days ago - By Chron

    Fed leaves key rate unchanged but sees further hikes ahead
    WASHINGTON - The Federal Reserve has left its key policy rate unchanged but signaled that it plans to keep responding to the strong U.S. economy with more interest rate hikes. The next rate hike is expected in December. The Fed left its benchmark rate in a range of 2 percent to 2.25 percent. A statement it issued after its latest policy meeting portrayed the economy as robust, with healthy job growth, low unemployment, solid consumer spending and inflation near the Fed's 2 percent target.
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  • Fed unwavering in message that interest rates will keep going higher

    5 days ago - By CNBC

    The Federal Reserve made clear it is in a near perfect environment to keep raising interest rates, and that it was undeterred by recent market volatility.
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  • Stock market will plunge if Fed doesn't hike rates in December, predicts ex-Wells Fargo CEO

    5 days ago - By CNBC

    The Federal Reserve "has" to raise rates because it has telegraphed it will do so and if it doesn't, the markets will drop because it will seem like the central bank "caved to the president," says former Wells Fargo CEO Dick Kovacevich.
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