While you were sleeping: Mixed markets, weak dollar

Mon, 23 Mar 2015

By Margreet Dietz March 24 (BusinessDesk) - Wall Street mostly moved higher, as the US dollar fell, amid expectations the Federal Reserve will lift interest rates more gradually than initially thought. While Fed Vice Chairman Stanley Fischer told the Economic Club of New York that the central bank will likely raise rates this year, he also stressed it’s unlikely to “ smooth path upward.” “An increase in the target federal funds range likely will be warranted before the end of the year,” Fischer said. “Liftoff should occur when the exp...

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