us stocks dollar gain as fed hikes interest rates
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

US stocks, dollar gain as Fed hikes interest rates

Arab Today, arab today

Arab Today, arab today US stocks, dollar gain as Fed hikes interest rates

US Fedral reserve
New York - Arab Today

US stocks and the dollar rose after the Federal Reserve raised benchmark interest rates Wednesday for the first time since 2006 and promised a gradual approach to future rate hikes.

Wall Street stocks, which had been modestly positive prior to the 1900 GMT announcement, added to those gains. The dollar advanced against the euro and yen, reversing the trend in foreign exchange markets prior to the decision.

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