Wall Street dips as energy, consumer stocks weigh



Wall Street was near session lows on Monday afternoon as energy stocks slipped along with oil prices, and Amazon and Netflix weighed on consumer stocks.
Federal Reserve Vice Chairman Stanley Fischer warned that economic stability could be threatened by low interest rates, but said it was "not that simple" for the Fed to raise rates.
The comments from Fischer, a dove who has supported a rate hike, come even as other Fed officials have recently said the current state of affairs may be about as good as it gets.
The central bank's lack of clarity on the timing of a rate hike is seen... read more

 
17 October 2016 in World News, Views: 40
Source: Reuters
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