U.S. Federal Reserve Latest News: ECB Holds Rates as Euro Crisis Threatens to Return

Wochit 1:05 mins

The European Central Bank left interest rates unchanged and will try to reassure investors rattled by new turmoil in Europe and the U.S. Federal Reserve's plans to begin winding up its stimulus. The dollar hit a one-month high while Asian shares slid, hit by worries that the days of easy money from the U.S. Federal Reserve are numbered. The dollar index rose to as high as 83.635 while Asian stock markets dropped overnight as official figures showed that growth in China's services sector sagged. By Ryan Vlastelica NEW YORK (Reuters) - Stock index futures rose modestly on Tuesday, indicating positive market momentum would continue as investors remain more comfortable with the economic outlook. Equities surged in the first half of the year, hitting a series of record highs before pulling back dramatically in June on concerns over when the U.S. Federal Reserve would begin reining in its stimulus program. The policy is widely credited with fueling 2013's gains. ...

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