WorldNews Posted December 16, 2016 Posted December 16, 2016 http://www.offtopic.forum/data/MetaMirrorCache/d8bce49c83fec852316adefb890a8361.jpg"We took direction from the Fed but over the next couple of weeks we'll see some more cleaning up of positions heading into the year-end," said Tom Simons, money market economist at Jefferies & Co in New York. Bond yields have surged and the dollar has rallied since the Fed on Wednesday raised rates for the first time in a year and its forecasts showed three more rate increases in 2017. U.S. stocks, which fell on Wednesday following the Fed meeting but bounced back on Thursday, were mostly down slightly on Friday. Continue reading... Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.