Wall Street stock pickers get hints from Fed, strong dollar

[Reuters] - Consumer stocks, the best performers on the S&P 500 (.SPX) so far this year, could continue to lead. With Fed officials making it clear that the central bank is looking to raise rates by year end, the already strong dollar could rise even more as investors shift funds to the United States, taking advantage of rates that are higher than in the euro zone or Japan, where central banks are loosening policy. The greenback is on track to close October at its highest in more than 12 years against the currencies of the major U.S. trading partners, according to the St. Louis Fed's trade-weighted dollar index.

Wall Street stock pickers get hints from Fed, strong dollar - Yahoo Finance