Investors juggle Fed forecast and post-pandemic recovery as Wall Street dips By Reuters – Investing.com
Investors juggle Fed forecast and post-pandemic recovery as Wall Street dips By Reuters – Investing.com
By Pete Schroeder
WASHINGTON (Reuters) -All three main indices on Wall Street dropped Friday with investors wary of a more hawkish stance from the U.S. Federal Reserve, while the dollar posted the strongest gains in over a year and oil prices continued a steady climb.
After starting the week near record highs, U.S. stocks have steadily dropped since Fed officials projected Wednesday that interest rates may rise sooner than previously expected.