Investors juggle Fed forecast and post-pandemic recovery as Wall Street dips By Reuters – Investing.com

  • Date: 19-Jun-2021
  • Source: Investing.com
  • Sector:Economy
  • Country:Gulf
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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.