Dollar rallies, US stocks fall as Fed signals it could hike again in 2023

NEW YORK, Sept 21 — Wall Street stocks dropped and the dollar rallied Wednesday after the Federal Reserve kept interest rates unchanged, but signalled it could lift them again this year.

“The Fed is not done with raising interest rates,” added Kathy Lien, a foreign exchange expert at BK Traders. “I think there’s more rate hikes ahead.” After 11 interest rate increases since March last year, inflation has fallen sharply but remains above the Fed’s long-run target of two percent, keeping pressure on officials to consider further policy action.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

2023 Yamaha Y16ZR gets three new colours for Malaysia market, price gone up to RM11,118Just colour updates for the 2023 Yamaha Y16ZR for Malaysia, with recommended retail racing set at RM11,118 excluding road tax, insurance and registration. New colours for next year are Glacier White, Phantom Neon & Flaming …
Source: paultan - 🏆 22. / 51 Read more »