US stocks fall, dollar rallies as Fed raises inflation forecast

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NEW YORK: Wall Street stocks finished decisively lower Wednesday (Jun 17) while the dollar rallied after the Federal Reserve raised its inflation forecast and projected an interest rate hike by year-end. The US central bank, as expected, kept interest rates unchanged as newly-installed Fed Chairman Kevin Warsh announced plans to broadly review Fed monetary policy protocols with an eye towards updating the institution. Warsh was appointed by US President Donald Trump, who had lambasted former

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US stocks fall, dollar rallies as Fed raises inflation forecast https://www.channelnewsasia.com - 18.06.2026 01:38
US stocks fall, dollar rallies as Fed raises inflation forecast https://www.channelnewsasia.com/ - 18.06.2026 01:01

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US stocks fall, dollar rallies as Fed raises inflation forecast https://www.channelnewsasia.com - 18.06.2026 01:38
US stocks fall, dollar rallies as Fed raises inflation forecast https://www.channelnewsasia.com/ - 18.06.2026 01:01