SMH
·general
·3 hours ago
US stock market fluctuates as Fed hints at rate hike this year
The US stock market fluctuated on Wednesday after Federal Reserve officials hinted at a possible interest rate hike this year. The S&P 500 fell 0.6 percent and the Dow Jones dipped 0.2 percent following the Fed’s projections for higher rates. Meanwhile, Australian shares are expected to open flat with futures indicating a minor drop of 3 points.
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