While you were sleeping: Stocks slide

Tue, 27 Jun 2017

By Margreet Dietz June 28 (BusinessDesk) - Equities on both sides of the Atlantic fell as central bank chiefs signalled an easing of monetary stimulus. Speaking in London, Federal Reserve Chair Janet Yellen did little to suggest US policy makers have altered plans for a third interest rate hike later this year, saying “it will be appropriate to the attainment of our goals to raise interest rates very gradually.” “Yellen is expressing confidence that banking is stronger, economic growth is relatively firm and there’s not going to be a...

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