The Federal Reserve's rate path "dot plot" has become increasingly detached from financial markets' interest-rate projections and risks sending an overly hawkish message that may undermine the central bank's credibility.
European shares declined for a fifth day in volatile trading as investors assessed earnings, oil prices erased gains, and some U.S. payroll data disappointed.
U.S. stocks rose, with the Standard & Poor’s 500 Index posting its strongest weekly gain this year, as equities continued to rebound from their worst quarter since 2011. Shares advanced Friday without the help of energy and raw-material companies, the two best-performing groups so far this month, as energy snapped its longest winning streak in six years. Apple Inc. added 2.4 percent to boost technology shares. Alcoa slumped 6.8 percent to weigh on commodity related companies.
Kenya is ready to take action to protect the economy from potential market turmoil when the U.S. begins raising interest rates, having built up enough buffers to prepare for the event, central bank Governor Patrick Njoroge said.
Fab uses cookies on our website to provide the most effective user experience possible. For more details about cookies and how to manage them please refer to our Cookie policy.