While you were sleeping: Wall St mixed as Fed seen on track for June hike

Wed, 02 May 2018

By Margreet Dietz May 3 (BusinessDesk) - Wall Street seesawed after the Federal Reserve stopped short of signalling a steeper path in interest rate increases. The Federal Open Market Committee kept its target interest rate unchanged, as had been widely anticipated, and flagged it remains on track for a total of three rate hikes this year. "The Committee expects that, with further gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace in the medium term and labour market conditions will r...

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