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US stocks fall after the Fed
And finally.... Wall Street has ended the night on the back foot, after being underwhelmed by the Federal Reserve.
The Dow Jones shed 222 points, or almost 1.4%, to close at 15,944.46.
The S&P 500 index, which covers a wider range of companies, lost over 1% while the tech-heavy Nasdaq slid by over 2%.
Investors have noted the Fed’s dovish stance, and recognised that the central bank is anxious about the global economy and the market turmoil.
But policymakers still see the US economy recovering, which could mean it still raises borrowing costs later this year....
Anyway, we’ll back in the morning, London time, for more reaction. Good night, GW
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