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The Dow Jones closed down 65.21 points at 16,674, while the S&P 500 fell 5 points to 1,990.

“Most FOMC participants, including myself, now anticipate that achieving these conditions will likely entail an initial increase in the federal funds rate later this year, followed by a gradual pace of tightening thereafter“, Yellen said. The late sell-off on Friday...

Though the Fed didn’t raise rates this month, Heidi Richardson explains how to potentially prepare your bond portfolio for the rate regime change. The Fed has been reluctant to shake the boat in the wake of the financial crisis, fearing it could scare off investors and stun...

The Reserve Bank today published a report detailing how it estimates New Zealand’s neutral interest rate. The time for a further 25-bps rate cut is appropriate now.

Gold fell from one-month highs on Friday after Federal Reserve chair Janet Yellen kept the door open to an increase in USA interest rates this year, sparking a dollar rally, while palladium was on track for its biggest weekly rise in nearly four years.

Platinum clawed back some ground lost from a four-day rout on fears about demand from the vehicle sector following the Volkswagen emissions scandal.

Among other precious metals, platinum slid for a fifth session out of six on fears that demand from the auto sector, where the metal is used in diesel catalysts, could take a hit following the Volkswagen emissions scandal.

Gold dropped from its highest in a month on Friday, giving back some of its sharp overnight gains, as the dollar rallied on an assurance from Federal Reserve chair Janet Yellen that the USA central bank would begin raising rates this year. Gold prices were also falling because...

The US Federal Reserve’s decision to keep rates on hold last week didn’t come as a surprise to CMC Markets trader Sheldon Slabbert.

In the us , interest rates have never been lower for longer (for almost seven years) but delay in raising rates also carries increasing risk.

Wiliams said that although the Federal Open Market Committee (FOMC) had voted to hold rates at last week’s meeting, it was a close call and he expected a rate rise later this year. Both said they expected a hike this year. “As we have outlined, the domestic economy...

Mike van Dulken, head of research at Accendo Markets, said investors are feeling uneasy after the Fed highlighted “concerns about external factors such as China, market volatility and deflation derailing a [U.S.] recovery”.

However, the central bank maintained its bias towards a rate hike sometime this year, while lowering its long-term outlook for the economy.

After a week of build-up, debate and second-guessing, the US Federal Reserve chose to keep interest rates on hold.

“We may continue to see a downward progression for stock markets, as investors adjust to a world where growth is expected to be weaker…”