News Formal

Stocks tread water, dollar dips after latest Fed rate hike | The Malaysian Insight

  • 📰 msianinsight
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Stocks tread water, dollar dips after latest Fed rate hike

Major stock markets mostly retreat in anticipation of the US Federal Reserve’s move. – EPA pic, July 27, 2023.

WALL Street stocks tread water while the dollar dipped yesterday after the Federal Reserve lifted interest rates and signalled the possibility of further increases. The Fed as anticipated raised its benchmark lending rate to a range between 5.25% and 5.5%, with chair Jerome Powell saying during a press conference the central bank would let data determine whether to hike again.

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Stocks advance cautiously ahead of central bank rate moves | The Malaysian InsightStocks advance cautiously ahead of central bank rate moves
Source: msianinsight - 🏆 8. / 63 Read more »