While you were sleeping: Equities fall with commodities

Tue, 15 Mar 2016

By Margreet Dietz March 16 (BusinessDesk) - Equites moved lower with commodity prices, including oil and gold, as the US Federal Open Market Committee began its latest two-day meeting. While the Federal Reserve is not expected to announce a rate hike on Wednesday, Chair Janet Yellen is expected to flag that there are rate increases ahead. “The most prominent risk in January—the tightening in financial conditions at the start of the year—has receded,” wrote Goldman Sachs economists Zach Pandl and Jan Hatzius, Reuters reported. “As a re...

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