- The Federal Reserve raised interest rates and signaled more hikes in coming months, pushing the dollar to a seven-week high.
- Falling oil prices eased inflation fears and helped Wall Street rebound Thursday after Wednesday's selloff.
- US Treasuries rose as oil declines and gains in UK government bonds improved sentiment after the Fed's hike.
- The euro traded near a seven-week low and the yen near a two-week low as investors awaited Bank of England and Bank of Japan decisions.
Quotes
“US Treasuries rose on Thursday as oil price declines and gains for UK government bonds reinforced improving sentiment after the Federal Reserve’s interest-rate hike and pledge to throttle inflation.”
“Wall Street rebounded Thursday as easing oil prices helped relieve inflation concerns and supported a recovery in equities following Wednesday’s selloff.”
“Hawkish Fed path boosts dollar, front-end yields”