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Industrial Shares Lose Steam as Fed Sounds Hawkish — Industrials Roundup
Shares on U.S. manufacturers weakened after the Fed's hawkish hold. New Chairman Kevin Warsh repeated a pledge to bring inflation down to the central bank's 2% target, while officials penciled in an increase in borrowing costs.
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benzinga.com
Warsh's Hawkish Fed Debut Shocks Markets Amid Inflation Focus - State Street SPDR S&P 500 ETF Trust (ARCA
New Fed Chair Kevin Warsh scrapped forward guidance and vowed to deliver price stability in his debut. Stocks fell and gold tumbled 3.4%.
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morningstar.com
Materials Shares Fall as Gold Retreats on Hawkish Fed — Materials Roundup
Shares in the materials sector fell amid a broad decline in U.S. stocks fueled by the Fed's decision to hold rates while officials pencilled in a hike this year.
