• Global stocks drop after Fed's upbeat economic outlook dents chances of more stimulus

    9 days ago - By Business Insider

    Equities and gold slide, dollar gains after Federal Reserve ups economic forecasts, suggesting less chance of stimulus.
    "The recovery is here, it's well along," Fed Chairman Jerome Powell said at a press conference on Wednesday.
    S&P 500 futures fall 1.2%, pointing to a second day of losses, dollar index rises 0.1%.
    "Markets always want more," Robert Carnell, regional head of Asia-Pacific research at ING, said. "But, should you keep feeding them?"
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    Global stocks slid on Thursday, while the dollar edged up, after the US Federal...
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