News

Turkey Markets Stabilize as Focus Shifts to Dollar Demand

(Bloomberg) -- Turkish markets showed signs of stabilizing on Thursday, as authorities took action to offset any spikes in demand for dollars following the shock detention of President Recep Tayyip Erdogan’s main political rival.Most Read from BloombergAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleNYC Plans for Flood Protection Without Federal FundsA Mali

Wall St rises in choppy trading, Fed's comments provides tailwind

(Reuters) -U.S. stock indexes recouped some of the early losses on Thursday, as investors digested the Federal Reserve outlook on interest rates amid persistent tariff worries. Traders looked to build on the previous session's gains after a massive sell-off in recent weeks due to the uncertainty tied to President Donald Trump's trade policies. The Fed maintained current interest rates on Wednesday as expected and reaffirmed its forecast for two 25 basis point reductions by the end of year.