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Wall Street ends down, but indexes volatile following Fed minutes - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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US stocks closed down on Wednesday, with indexes volatile after investors thought minutes from the Federal Reserve’s meeting in July suggested policymakers may be less aggressive than previously thought when they raise interest rates in September.

Major indexes sharply cut their losses after the release of the minutes, with the Dow briefly turning positive before they returned to earlier losses.Major indexes sharply cut their losses after the release of the minutes, with the Dow briefly turning positive before they returned to earlier losses.

The minutes also showed that Fed officials saw “little evidence” late last month that US inflation pressures were easing, and that participants said it may take longer than anticipated for inflation to dissipate. After the release of the minutes, traders of futures tied to the Fed’s policy rate saw a half-percentage-point rate hike as more likely in September.

The market had been solidly lower ahead of the minutes, with growth shares coming under pressure and weak results from Target weighing on retailers.

 

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Dollar steady before retail sales, Fed minutes - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The dollar was little changed against a basket of currencies on Tuesday as investors waited on US retail sales and minutes from the Federal Reserve’s July meeting on Wednesday. I’m gradually making more earnings now in my trades but with the aid of a trader that was recommended and now I'm recommending her to y'all EliDonovan01 Am looking forward to the day we use that as wallpaper, & to light up Braai fires...
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