Page 19 - Fomc News Today

Federal Reserve Gov. Michelle Bowman said it "will likely be appropriate" to raise interest rates further "because inflation is still too high."

Stocks on Wall Street fell for a third straight day on Friday in the aftermath of the Federal Reserve's monetary policy meeting after which the central bank indicated that rates will stay elevated for the foreseeable future.

US stock futures were pointing to further losses on Wall Street on Thursday after hawkish comments from the Federal Reserve spooked investors the previous session.

A looming Federal Reserve rate hike rattles the oil market, overshadowing a modest drop in US crude inventories

US stocks dropped on Thursday, with the S&P 500 and Nasdaq both falling to their lowest levels since late-June, as rising bond yields and hawkish comments from the Federal Reserve weighed on sentiment.

Speculation increased about a possible sooner-than-expected exit from the Bank of Japans ultra-loose policy, but the central bank will most likely keep interest rates ultra-low on Friday and reassure markets that monetary stimulus will stay for the time being amid economic uncertainty.

KUALA LUMPUR: The ringgit opened slightly higher against the US dollar this morning due to mild demand for the domestic note.

KUALA LUMPUR: The ringgit ended higher against the US dollar today ahead of the US Federal Open Market Committee (FOMC) interest rate decision due later tonight.

Disagreements make a market, but any long-term individual investor who reacts to Wednesday's Fed news is worrying about the wrong disagreements.

Investors are waiting on the FOMC to announce what appears to be a forgone conclusion on interest rates.