Global shares remain lower, dollar up after Fed minutes



Global equity markets remained slightly lower and the dollar a bit higher on Wednesday after minutes from a meeting of Federal Reserve policymakers last month indicated raising U.S. interest rates was warranted if the economy continued to strengthen.
Market reaction was muted as there was little revelatory in the minutes from the Sept. 20-21 meeting, with policymakers divided on how much longer they should allow the labor market and inflation to improve before lifting rates.
Oil prices fell more than 1 percent after the Organization of the Petroleum Exporting Countries reported its output... read more

 
12 October 2016 in World News, Views: 32
Source: Reuters
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