Dollar Falls to 3-Week Low as Fed Keeps Interest Rates Unchanged

The dollar fell to a three-week low after the Federal Reserve held off on raising interest rates. The U.S. central bank declined to boost its short-term interest-rate target at its policy-setting meeting in Washington, opting to delay an increase amid stubbornly low inflation, an uncertain outlook for global growth and recent financial-market turmoil. The Bloomberg Dollar Spot Index dropped 0.4 percent percent to 1,196.46 as of 2:10...

Oil Holds Near $47 After Federal Reserve Leaves Rates Unchanged

Oil traded near $47 a barrel after the Federal Reserve left interest rates unchanged. Futures edged lower in New York after climbing 5.7 percent Wednesday on an unexpected decline in U.S. crude stockpiles. The dollar dropped after the U.S. central bank declined to boost its short-term interest-rate target at its policy-setting meeting in Washington. A weaker U.S. currency bolsters the appeal of commodities priced in the greenback as a ...

Gold Prices Head Higher After Fed Stands Pat on Rates

Gold futures climbed in electronic trading Thursday, as the Federal Reserve left interest rates unchanged. Prices for the metal had settled with a loss Thursday shortly before the Fed announcement, which was one of the most anticipated in recent memory. In its announcement, the central bank implied a hike is still on tap before the end of the year. Following the Fed announcement, gold for December delivery traded at $1,127.20 an ounce...

U.S. Stocks Drop as Rate Decision Fuels Global Economy Concern

U.S. stocks ended lower, after swinging between gains and losses, as the Federal Reserve’s decision to keep interest rates near zero percent raised questions about the strength of the global economy. The Fed kept its policy interest rate unchanged, showing reluctance to end an era of record monetary stimulus in a time of market turmoil, rising international risks and slow inflation at home. Stocks erased an advance after Chair Janet...

U.S. Stocks Fluctuate With Treasuries Before Fed Rate Decision

U.S. shares fluctuated near a four-week high, while Treasuries and the dollar were little changed as investors turned cautious before the Federal Reserve renders its decision on interest rates. Futures traders see only a 30 percent chance that policy makers will raise rates on Thursday at the same time 54 of 113 economists surveyed by Bloomberg predict some kind of increase. Investors have dialed back expectations for higher rates since ...