• Fed-driven dollar rally fades, focus shifts to ECB meeting

    7 days ago - By Reuters

    TOKYO - The dollar slipped back from three-week highs against the yen on Thursday, quickly erasing gains made after the Federal Reserve took a slightly more hawkish policy tone in signaling two more rate hikes by year-end thanks to a solid outlook for the world's biggest economy.
    Read more ...

     

  • Asian shares down on Fed hike, Sino-U.S. trade anxiety

    7 days ago - By Reuters

    TOKYO - Asian shares edged down on Thursday after the Federal Reserve raised interest rates and took a more hawkish tone in forecasting a slightly faster pace of tightening for the rest of the year, while concerns about U.S.-China trade frictions kept investors on edge.
    Read more ...

     

  • Fed hikes rates, sees two more this year

    7 days ago - By Reuters

    A Federal Reserve rate hike was expected but the ditching of a crisis-era pledge and an announcement that press briefings will be held after every policy meeting starting next year proved new Fed chief Jerome Powell has a few tricks up his sleeves.
    Read more ...

     

  • How major US stock indexes fared Wednesday

    7 days ago - By Chron

    U.S. stocks slipped Wednesday after the Federal Reserve raised interest rates and said it expects to increase rates two more times by the end of the year. Investors bet that several huge deals are more likely to go ahead after a federal court cleared AT&T's $85 billion purchase of Time Warner.
    On Wednesday:
    The S&P 500 index slid 11.22 points, or 0.4 percent, to 2,775.63.
    The Dow Jones industrial average gave up 119.53 points, or 0.5 percent, to 25,201.20.
    The Nasdaq composite dipped 8.09 points, or 0.1 percent, to 7,695.70.
    The Russell 2000 index of smaller-company stocks declined 5.76...
    Read more ...

     

  • Wall Street ends lower after Fed hike

    7 days ago - By Reuters

    U.S. stocks drifted lower Wednesday after the Federal Reserve raised interest rates as expected. Fred Katayama reports.
    Read more ...

     

  • Wall Street falls as Fed signals two more hikes this year

    7 days ago - By Reuters

    U.S. stocks ended a choppy session lower on Wednesday after the U.S. Federal Reserve raised interest rates as expected and projected a slightly faster pace of rate hikes this year.
    Read more ...