Breaking News:

Federal Reserve Latest News: Futures Slammed by Bond Spikes, Doubts About China

Wochit 0:54 mins

Global markets are reacting to uncertainty stoked by recent announcements by the Federal Reserve. The Fed's hazy timetable for winding down its stimulus programs and new signs of a cash strain in China are hammering global markets and U.S. stock futures. The dollar rose on Monday as the prospect of an improving U.S. economy that has prompted the Federal Reserve to consider toning down its stimulus drive in coming months, but Asian shares were capped as investors adapted to the Fed's evolving plan. Only a few days ago, the leading Wall Street debate was whether central banks had too much control over the financial markets. Suddenly, the nagging notion is whether central banks are losing, or surrendering, control.

View Comments