© 2024 Connecticut Public

FCC Public Inspection Files:
WEDH · WEDN · WEDW · WEDY · WNPR
WPKT · WRLI-FM · WEDW-FM · Public Files Contact
ATSC 3.0 FAQ
Donate
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Stocks Calm After Big Drop Friday Amid Rate Hike Talk

Published September 12, 2016 at 1:33 PM EDT
Eric Rosengren, left, the president of the Federal Reserve Bank of Boston, talks with Ady Barkan, campaign director for Fed Up, before the opening night reception at the annual invitation-only conference of central bankers from around the world. (Brennan Linsley/AP)
Eric Rosengren, left, the president of the Federal Reserve Bank of Boston, talks with Ady Barkan, campaign director for Fed Up, before the opening night reception at the annual invitation-only conference of central bankers from around the world. (Brennan Linsley/AP)

Stock markets in the U.S. were steady this morning, after closing at their lowest level since July on Friday.

The drop came after comments from Eric Rosengren, the Federal Reserve Bank of Boston president, raising the expectations for a rate hike from the Federal Reserve later this year.

Here & Now‘s Jeremy Hobson talks with Jill Schlesinger about what is rattling investors.

Guest

Jill Schlesinger, CBS News business analyst and host of “Jill on Money.” She tweets @jillonmoney.

Copyright 2021 NPR. To see more, visit https://www.npr.org.

Stand up for civility

This news story is funded in large part by Connecticut Public’s Members — listeners, viewers, and readers like you who value fact-based journalism and trustworthy information.

We hope their support inspires you to donate so that we can continue telling stories that inform, educate, and inspire you and your neighbors. As a community-supported public media service, Connecticut Public has relied on donor support for more than 50 years.

Your donation today will allow us to continue this work on your behalf. Give today at any amount and join the 50,000 members who are building a better—and more civil—Connecticut to live, work, and play.

Donate