Shares slip, dollar rises as caution reigns before Fed

March 16, 2016 10:57 AM

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LONDON Shares fell and the dollar rose on Wednesday as markets awaited the outcome of the U.S. Federal Reserve's policy meeting, which is expected to leave interest rates on hold but keep the door open for further increases later this year.

Investors have welcomed the easing of the intense volatility that swept through financial markets in the first two months of the year. But they are aware the calm means the Fed might be more inclined to resume tightening soon.

Also read: U.S. economy added 178,000 jobs in November; unemployment rate dropped to 4.6 percent

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