Economics
U.S. Stocks End Day Lower Despite Dovish Fed Turn: Markets Wrap
- Dollar falls; 10-year Treasury yields head toward 14-month low
- Pound weakens amid Brexit wrangling; West Texas crude spikes
This article is for subscribers only.
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.
U.S. equities enjoyed a brief recovery, before fading again, after the Federal Reserve signaled it won’t raise rates this year, saying economic growth has slowed. Ten-year Treasury yields headed to their lowest in over a year and the dollar fell.