Thursday Outlook: Stocks fall; Fed sees interest rates near zero till 2023

Oil steady; dollar rises; gold slips

  
People look at trading boards at a private stock market gallery in Kuala Lumpur, Malaysia May 14, 2018. REUTERS/Stringer

People look at trading boards at a private stock market gallery in Kuala Lumpur, Malaysia May 14, 2018. REUTERS/Stringer

REUTERS

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Stocks fall as Fed fails to offer fresh cause for cheer
Fed said it would keep interest rates near zero until inflation is on track

Oil steady as demand worries revive, crews return to U.S. Gulf rigs
Brent crude futures gained 5 cents, or 0.1%, to $42.27 a barrel

Dollar rises after Fed's upbeat economic outlook
Fed expects economic growth to improve from the coronavirus-induced drop they projected in June

Gold slips from 2-week high as dollar rises after Fed
Spot gold was down 0.3% to $1,954.42 per ounce by 0034 GMT


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