While you were sleeping: Hawks weigh on mood

Mon, 22 Aug 2016

By Margreet Dietz Aug. 23 (BusinessDesk) - The latest hawkish comments from a US Federal Reserve official weighed on equities and lifted the greenback as investors try to gauge the timing of a US interest rate increase. On Sunday Fed Vice Chair Stanley Fischer said “we are close to our targets” on employment and inflation, adding to recent comments from his central bank colleagues that suggest the Fed might raise rates sooner than previously thought. That further raised the already-high anticipation for a speech by Fed Chair Janet Ye...

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