Stocks fail to hold gains after Fed rate increase
The Federal Reserve signals one more hike this year and three next year. Initially, stocks held their gains, while Treasury yields and the US dollar fell.
Nevil Gibson
Thu, 27 Sep 2018
Stocks on Wall Street dipped late in the session after the US Federal Reserve hiked interest rates and signalled a continued gradual path of increases ahead.
Initially, stocks held their gains, while Treasury yields and the US dollar fell.
Fed officials voted unanimously on the increase,
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Nevil Gibson
Thu, 27 Sep 2018
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