Wall Street stocks end mostly down while dollar slides after Fed decision

Wall Street stocks finished a choppy session mostly lower while the dollar retreated yesterday after the Federal Reserve’s latest decision to hold interest rates steady. — Reuters picNEW YORK, May 2 — Wall Street stocks finished a choppy session mostly lower while the dollar retreated yesterday after the Federal Reserve’s latest decision to hold interest rates steady.

He maintained that monetary policy needs more time to do its job, adding that the Fed will consider the totality of economic data when making decisions.Art Hogan of B. Riley Financial said stocks often “whipsaw” right after Fed decisions. The pullback in the US currency included a brief drop of three per cent against the yen to 153.04 yen amid speculation of intervention by Japanese authorities. However, the rally in the Japanese currency proved fleeting.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Wall Street stocks finish higher as investors focus on Fed movesNEW YORK, April 30 ― US stocks ended higher yesterday, with sharp gains for Tesla and Apple leading the way, as investors looked toward what the Federal Reserve would say...
La source: malaymail - 🏆 1. / 86 Lire la suite »

Wall Street stocks fall as markets weigh strong wage data, Fed meetingNEW YORK, May 1 — US stocks ended lower yesterday as markets weighed economic data showing rising labour costs and deteriorating consumer confidence on the day of a key Federal...
La source: malaymail - 🏆 1. / 86 Lire la suite »