18-05-2016 22:54 via news.yahoo.com

Hawkish Fed sends U.S. dollar soaring; bank stocks rally

By Rodrigo Campos NEW YORK (Reuters) - The U.S. dollar touched a seven-week high against major currencies on Wednesday after the Federal Reserve signalled an interest rate rise could happen as soon as June, while stocks on Wall Street were buoyed by the resulting rally in bank shares. The Fed will likely raise interest rates in June if economic data points to stronger U.S. second-quarter economic growth along with higher inflation and employment, according to minutes from the U.S. central bank's
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