Global stocks fall as the dollar rises on US Fed comments
European stocks fall for fourth straight session, while the US Fed chair walks back the likelihood of a July rate cut
26 June 2019 - 12:26
London — Global stocks fell while the dollar rose on Wednesday as comments from US Federal Reserve dampened excitement about an aggressive rate cut as early as July from the world’s most important central bank.
On Tuesday, Fed chair Jerome Powell and St Louis Federal Reserve Bank president James Bullard pushed back on market expectations and presidential pressure for a significant US interest rate cut of half a percentage point as soon as its next meeting...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.