Wall St stocks tread water

By Agence France-Presse

Jul 28, 2023 12:14 am

Dollar dips after latest Fed rate hike

NEW YORK CITY: Wall Street stocks tread water while the dollar dipped on Wednesday after the Federal Reserve (Fed) lifted interest rates and signaled the possibility of further increases.

The Fed as anticipated raised its benchmark lending rate to a range between 5.25 percent and 5.5 percent, with Chairman Jerome Powell saying during a press conference that the central bank would let data determine whether to hike again.

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Dollar dips after latest Fed rate hike

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