Gold Pares Gains From Two-Week High on Renewed U.S. Rate Concern

Gold pared gains after reaching an almost two-week high amid renewed concern that the Federal Reserve will still raise U.S. interest rates, even as policy makers cut their outlook for borrowing costs.Fed officials dropped a pledge to be “patient” in tightening policy in a statement Wednesday, even as they lowered their projections for rates by the end of the year. The dollar rebounded...

Dollar Rallies After Fed Outlook Fuels Biggest Slide Since 2009

The dollar rebounded from its biggest drop in six years amid speculation the Federal Reserve will still raise borrowing costs this year even after cutting its interest-rate projections. The greenback strengthened against 13 of its 16 major peers after the Fed moved a step closer to higher rates against a backdrop of global easing, led by the European Central Bank and Bank of Japan. Fed Chair Janet Yellen wouldn’t rule out a rate increase...

U.S. Stocks Slide After Fed Rally as Energy Shares Retreat

U.S. stocks fell, after a rally Wednesday on the Federal Reserve’s policy statement, as banks retreated and energy companies fell with the price of oil.The Standard & Poor’s 500 Index slipped 0.5 percent to 2,089.40 at 4 p.m. in New York. The Nasdaq Composite Index rose 0.2 percent after briefly climbing above the 5,000 level again.The S&P 500 is on track to go 22 consecutive...

European Stocks Rise to Highest Since 2000 After Fed Statement

European stocks climbed to their highest level since 2000, as the Federal Reserve acknowledged a moderation in economic growth, fueling speculation it won’t be in a rush to raise interest rates. Sixteen of the 19 industry groups on the Stoxx Europe 600 Index advanced, led by energy companies. Royal Dutch Shell Plc rose 1.2 percent, while Premier Oil Plc added 8.1 percent, for the biggest gain on the Stoxx 600. The Stoxx 600 increased...

U.S. Stocks Decline After Fed Rally as Energy Shares Retreat

U.S. stocks fell, after a rally Wednesday on the Federal Reserve’s policy statement, as banks retreated and energy companies fell with the price of oil.Transocean Ltd. and Chesapeake Energy Corp. dropped more than 5.1 percent. Citigroup Inc. and Morgan Stanley fell more than 2.4 percent. The Nasdaq Biotechnology Index rose 1.3 percent. Apple Inc. slipped in its first day in the Dow Jones Industrial Average.The ...