U.S. assets gain, European shares dip on rising Fed rate hike bets

August 30, 2016 4:19 AM

23 0

U.S. assets gain, European shares dip on rising Fed rate hike bets

NEW YORK (Reuters) - U.S. stocks rose on Monday, helped by gains in financial shares after comments from top Federal Reserve officials on Friday bolstered expectations for an interest rate hike from the U.S. central bank this year, while European shares dipped and the dollar rose.

Fed Chair Janet Yellen said the case for a rate increase was strengthening, but provided little detail on when the central bank would next move. Vice Chair Stanley Fischer, on the same day, suggested on CNBC that a move as soon as next month could be possible.

Also read: Solid Job Growth Strengthens Prospect for a Fed Rate Increase

Read more

To category page

Loading...