However recent United States rate hikes have belied fears of capital outflows from India, with foreign funds continuing to pump in huge liquidity into the stock market.
In morning inter-bank trading, the shekel-dollar exchange rate was down 0.25% at NIS 3.5203/$ and down 0.32% against the euro at NIS 3.924/€.
JANET YELLEN: We anticipate further increases this year and next year for the federal funds rate.
"In view of realized and expected labor market conditions and inflation, the committee chose to raise the target range for the federal funds rate to 1 to 1-1.25 per cent, " Fed said, adding, "The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a sustained return to 2 per cent inflation". The Federal Reserve has raised its key inte.
The US Federal Reserve has pressed on with the normalization of interest rate policy, by hiking borrowing costs for the second time this year.
The most interesting thing about this meeting is that it comes at a time when the United States dollars has endured a less than stellar jobs report (some decried it as disastrous, ) and with inflation possibly slowing as forecasts for last month's CPI see it dipping from 2.2% back to 2.0%. It fell $1.73, or 3.7 percent, to settle at $44.73 a barrel in NY. The S&P 500 lost 15.26 points, or 0.63 percent, to 2,422.66.
But they may still struggle to agree with the International Monetary Fund whether Greece should receive debt relief.
"I don't think it will affect the long-term mortgage rates that most people take, but things like credit cards, home equity lines, short term vehicle loans, things like that would typically go up by an equal amount, a quarter of a percentage point".
James Hodgkinson launched into Trump tirade before shooting
The Friday visit announced by Ryan's staff comes with Scalise in critical condition at MedStar Washington Hospital Center . Suzanne Hodgkinson said she did not consider it odd that he left so abruptly, and maybe her husband just wanted a break.
NOGUCHI: Fed officials raised interest rates today despite the fact that the latest readings on inflation show that it is not picking up steam.
Frick says the Fed also may be trying to cool off financial markets, particularly the bond market.
At Vietcombank, the buying rate was VNĐ22,655 and the selling rate was VNĐ22,725 at 10.30 am, 10 đồng lower than Wednesday.
Asian markets fell overnight and European indices following suit, with the Cac 40 in France down almost 1% and Germany's Dax off 0.5%.
Bloomberg poll revealed that only 5 of 100 economists surveyed expected the FED to maintain the interest rate in the prior range of 0.75-1 percent. Shares of Elon Musk's electric vehicle company are up more than 75% so far this year.
"The U.S.is good. More important, we see the worldwide markets finally beginning a six- to eight-year turn", said Christine Armstrong, executive director at Morgan Stanley in Boston. It had shed $1.72, or 3.5 percent, to close at $47 a barrel in London. Brent crude, used to price global oils, rebounded, gaining 6 cents higher to $47.06 a barrel.
Earlier, President Donald Trump warned that the dollar "is getting too strong", repeating his opinion that the currency's gain makes American products less competitive globally.
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