Dividend trend shows strength of S' pore companies

 

Wall Street sinks after Fed fails to impress

Wall Street dropped on Wednesday after the US Federal Reserve frustrated stock investors hoping for a strong sign it might scale back future interest rate hikes because of recent financial and economic turmoil.

In a widely expected decision, the Fed kept interest rates unchanged and it said it was " closely monitoring" global economic and financial developments, but it maintained an otherwise upbeat view of the US economy.

With plummeting oil prices and fears of slower economic growth in China ......., investors saw the Fed' s conciliatory comments as a step in the right direction.

But some on Wall Street had hoped an even stronger indication that policymakers might scale back the pace of future interest rate hikes.

It sounds like they are unimpressed with what has happened in the markets, that it has been insufficient to change their plans. That' s the takeaway and it' s why the market is going down,

That was enough to reverse earlier gains driven by a jump in crude prices after Russia said it was discussing the possibility of cooperation with OPEC and US data showed an increase in short-term demand.

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