United States dollar surges after Fed policy statement
08:03, Sep 22, 2017
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THE FED: Investors were looking ahead to the latest two-day policy meeting of the U.S. Federal Reserve, which begins Tuesday.
Gold performed slightly better in Wednesday's early trades as the dollar dithered.
The US central bank has signalled its plans for months in an effort to avoid rattling markets.
While the USA central bank is not expected to raise interest rates this week, remarks from the Fed and its boss Janet Yellen will be pored over for clues about future moves - with talk of another rise - and its plans to wind down the vast bond-buying stimulus put in place during the financial crisis.
Fed chair Janet Yellen said in a press conference after the end of the meeting that the fall in inflation this year remained a mystery, adding that the central bank was ready to change the interest rate outlook if needed.
The focus for this week is the Fed's September 19-20 policy meeting.
Instead of reinvesting all the proceeds of its bond portfolio, the Fed will allow $10 billion to roll off at first, increasing quarterly in $10 billion increments until the total hits $50 billion starting in October 2018.
OIL: Benchmark U.S. crude rose 1.1 percent to $50 a barrel on the New York Mercantile Exchange while Brent crude, used to price worldwide oils, advanced by the same rate to $55.77 per barrel in London.
The consumer staples sector fell 0.9 percent while the utilities sector ended 0.8 percent lower.
Vikings' Sam Bradford inactive Week 2 against Steelers
The Vikings are a better team against the run than the Browns are, making Pittsburgh's task this week a bit hard . A play where rookie Juju Smith-Schuster took a shovel pass and rumbled into the end zone from the four-yard-line.
USA data showing domestic home construction fell for a second straight month in August weighed on the dollar index earlier.
"As that balance sheet drops, that's potentially going to leave us with higher long-term rates".
"That competes with Google and Microsoft, and it's going to weigh on the entire tech space" because of price competition, said Michael O'Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut.
The S&P 500 gained 1.59 points, or 0.06 percent, to 2,508.24, clocking its sixth record closing high in the last seven sessions.
Oil prices gained about 2 percent despite a rise in USA crude inventories.
As yields rise, fixed-income investors may find it harder to sit with traditional bond exposures.
The Fed also kept its benchmark interest rate steady at its current range of one to one-and-a-quarter percent, while hinting at one more hike, before the end of the year.
The Fed will scale back its holdings by $10 billion in October and raise that amount gradually in the months to come.
After rising to new record highs in the previous session, stocks may see some further upside in early trading on Tuesday. Brent crude, used to price global oils, gained 14 cents to $56.15 a barrel in London.
While both corners proved to be up to the challenge, each will likely be counted on to play large roles again against the 49ers. But there's no denying that Hoyer must improve quickly or this season will slip away sooner than some might have expected.
Bradford was sacked just once, and the Vikings averaged 4.3 yards per carry with Cook breaking two long runs in the second half. Pass protection was the concern going into this season, but Bradford was given time in the pocket to ignite the Vikings offense.
On behalf of the government , Suu Kyi said the Myanmar authorities are set to restore security and order in Rakhine state. The Supreme Court on Monday will hear plea filed by the two Rohingya immigrants, Mohammad Salimullah and Mohammad Shaqir.
Unfortunately for Bolts fans, Sunday's loss was the second-consecutive week the team has fallen on a failed field goal attempt. LA finished out their San Diego residency past year in a 5-11 campaign that left them in last place in the AFC West.
Ryan is also coming off a season in which he threw for 4,944 yards and fired 38 touchdowns to just seven interceptions. The Packers are no strangers to opening a visiting team's stadium - it lost 17-14 in the Vikings' first game at U.S.
He also had some strong performances in the preseason, so he may be able to find moderate success with the Colts. Hilton and Johnathan Hankins, who are paid like "stars"), to step up with the team heading down a risky path.
In Sandy Springs, a man died while lying in bed after a large tree broke and fell on his home, the Sandy Springs Mayor said. Irma is expected to drop 2 to 5 inches of rain across SC and northern portions of Georgia, Alabama and Mississippi.
After the verdict, protesters and activists gathered outside the courthouse and marched through the city's downtown for hours. KIMBERLY GARDNER: We can not let the naysayers and guardians the status quo let us miss this opportunity to seek real change.
It has allowed the likes of Samsung incorporate display of 6.3 inches in the Galaxy Note 8 without adding weight or girth to it. Samsung had launched the Note 8 on Aug 23 and is slated to reach showrooms in the USA and United Kingdom on September 15.
US Fed to decide fate of dollar and ruble
ASIA'S DAY: Japan's Nikkei 225 added 0.1 percent to 20,310.46 and South Korea's Kospi edged down 0.2 percent to 2,412.20. That has undoubtedly helped support the stock market and economy during a very tricky post-credit crunch period.
EPL Review: Manchester City go top after big win
City were a joy to watch today in the flawless advertisement for Pep Guardiola's infamous brand of one-touch possession football . The fundamentals of what we do are the same but the difference is we have good balance, good players and good spirit.
IPhone 8 price in India: Here's how you can get discount
It is clear Apple tried hard to focus on battery improvements on the areas that users use most, i.e talk time and audio playback. Nearly the entire front of the phone will be screen save for a cutout at the top for the earpiece, selfie camera, and sensors.
Which player will step up for the Steelers against the Vikings?
Zimmer was asked about their shared history and who benefits the most entering Sunday's game against the Steelers at Heinz Field. Still, one of the losses was by two points to NFC East champion Dallas, and one in overtime against playoff-bound Detroit.
The Mercedes-AMG Project One in Action
The show auto is created to combine racetrack performance with "day-to-day" suitable Formula 1 hybrid technology and efficiency. AMG has quite a few racing drivers or former racers in its engineering ranks, but it knows not every customer is a race driver.
Where Is Hurricane Irma Going Next?
The National Weather Service issued tornado warnings for a wide swath of Monroe, Miami-Dade and Broward counties in South Florida. Many of the islands in the firing line were battered by category 5 Hurricane Irma on Wednesday, with winds gusting over 185mph.
Jets' Todd Bowles tries to explain punting blunder vs. Bills
Jordan Matthews caught a attractive pass that was in between defenders to get the Bills in scoring position in the first half. It was a stretch play to the right, but McCoy found a seam up behind the nose tackle and up the middle of the field.