Following an up day on European bourses, US stocks decline on along with the dollar on Wednesday after the Federal Reserve’s latest interest rate hike. – EPA pic, May 4, 2023.
WALL Street stocks declined along with the dollar after the Federal Reserve’s latest interest rate hike yesterday, while US oil prices slid below US$70 a barrel amid recession worries. Following an up day on European bourses, US stocks initially rose after the Federal Reserve paired its latest rate increase with a hint that it could pause on additional hikes.
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