While you were sleeping: Stocks move lower

Tue, 31 Mar 2015

By Margreet Dietz April 1 (BusinessDesk) - Wall Street moved lower, though it remained on track to post an advance for the first quarter of 2015, bolstered by a US economy that by and large continues to accelerate. Indeed, the strength of the US economy warrants higher interest rates as early as June, President Federal Reserve Bank of Richmond Jeffrey Lacker said in a speech on Tuesday. "Given the improvements in the labour market and other indicators, June will likely be an appropriate time to raise the federal funds rate target,” Lac...

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