US stocks mixed after Fed expresses inflation worries
Stocks in the United States stumbled to a mixed finish today as the Federal Reserve kept to its policy of gradual interest rate rises but signalled increased concerns about inflation.
The Fed’s Open Market Committee announced a widely expected quarter per cent point increase in the nation’s benchmark lending rate, to 3%, and said future rate rises would remain “measured” – a phrase designed to ease investors’ fears of more aggressive increases.
