US stocks, dollar pull back as Fed stays dovish | Malay Mail

All three major US stock indices retreated as Fed Chair Jerome Powell stressed the central bank will keep benchmark lending rate near zero, while continuing its massive bond buying programme until employment recovers..

Powell also took a dovish stance on inflation, saying he still expects price increases to be temporary and not the sort of longstanding problem that will require a change in policy. “The greenback sold off across the board and with 7 weeks until the next policy meeting, the Fed’s reluctance to reduce accommodation could keep the dollar from rallying in the year term,” she said.Deutsche Bank had an especially strong session, surging 10.7 per cent after reporting its best quarterly profits for seven years after it avoided being dragged into the collapse of US hedge fund Archegos that has inflicted deep pain on rivals.

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US stocks open mixed, awaiting Fed decision | Malay MailNEW YORK, April 28 — US trading began mixed today amid the continued flurry of corporate earnings, but investors appeared to be waiting for the conclusion of the Federal Reserve’s policy meeting later in the day. “The earnings news has been spectacular, yet the response has been spectacularly...
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Global stock markets dip on caution before Fed, earnings | Malay MailNEW YORK, April 28 ― Shares eased from record peaks yesterday as optimism about a global economic recovery was dented by caution before a policy decision by the US Federal Reserve and earnings updates from a number of blue-chip companies. MSCI's gauge of stocks across the globe shed 0.11 per...
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