KQED Nightly Business Report March 11, 2015
Call it 50 shades of ugly. Not just here in the u. S. But around the globe. The dough jones industrial average suffered a 332 point loss to close at 17,662. Its second worst day of the year. The gains of the year so far, gone. The nasdaq off 82. The s p 500 dropping 35. Those declines amounted to 1. 7 or more. Big part of the problem today, the strengthening dollar. The greenback rising 1. 1 to a 12 year high against the euro and theres a powerful force driving the dollars dramatic move. Diverting Central Bank Policy as the u. S. Economy strengthens, the Federal Reserve is expected to hike rat...