NewsFeeder
03-28-2016, 01:00 PM
GLOBAL MARKETS-Dollar dips, Wall St edges up after U.S. data casts doubt on Fed moves
[Reuters] - Wall Street shares rose in choppy trading as the dollar fell following weaker-than-expected U.S. economic data on Monday that cut expectations of a near-term interest rate increase by the Federal Reserve. The dollar reversed earlier gains and moved lower after U.S. consumer spending data indicated a sluggish economy with weak first-quarter gross domestic product growth. Monday's worse-than-expected consumer spending, as well as a downward adjustment to January's numbers and weak readings for personal income and inflation, cast doubt on the prospect of the Fed raising rates at either of its upcoming meetings in April and June.
GLOBAL MARKETS-Dollar dips, Wall St edges up after U.S. data casts doubt on Fed moves - Yahoo Finance (http://us.rd.yahoo.com/finance/news/rss/story/*http://finance.yahoo.com/news/global-markets-dollar-dips-wall-175510592.html)
[Reuters] - Wall Street shares rose in choppy trading as the dollar fell following weaker-than-expected U.S. economic data on Monday that cut expectations of a near-term interest rate increase by the Federal Reserve. The dollar reversed earlier gains and moved lower after U.S. consumer spending data indicated a sluggish economy with weak first-quarter gross domestic product growth. Monday's worse-than-expected consumer spending, as well as a downward adjustment to January's numbers and weak readings for personal income and inflation, cast doubt on the prospect of the Fed raising rates at either of its upcoming meetings in April and June.
GLOBAL MARKETS-Dollar dips, Wall St edges up after U.S. data casts doubt on Fed moves - Yahoo Finance (http://us.rd.yahoo.com/finance/news/rss/story/*http://finance.yahoo.com/news/global-markets-dollar-dips-wall-175510592.html)