Register now for FREE unlimited access to Reuters.com
- Stream of Fed remarks makes clear US rate hike in the offing
- U.S. stocks deepen losses late in the session
- China lending data spurs policy easing expectation
- Dollar struggles near two-month low
NEW YORK, Jan 13 (Reuters) – Nervous global stock markets tumbled on Thursday as the dollar wilted, after a drumbeat of hawkish remarks from Federal Reserve officials made clear that U.S. interest rates could rise as soon as March, putting an end to ultra-easy monetary conditions.
Fed Governor Lael Brainard became the latest and most senior U.S. central banker to signal that rates will rise in March to fight inflation, saying that the Fed “has projected several rate hikes over the course of the year”. read more
Indeed, data released on Thursday that pointed to rapidly…