U.S. stocks, dollar fall on Fed's nod to market turmoil

January 27, 2016 9:51 PM

23 0

U.S. stocks, dollar fall on Fed's nod to market turmoil

NEW YORK Wall Street stocks and the dollar fell on Wednesday as the Federal Reserve held U.S. interest rates unchanged, as expected, and said it was closely monitoring global economic and financial developments.

The Fed's more cautious outlook reduced the likelihood it would raise rates by a quarter-point four times this year, which hurt the greenback, but its latest assessment on the economy did not wipe out the chances of a possible rate increase in March, which disappointed some stock investors.

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

Read more

To category page

Loading...