“Despite the ‘lower for longer’ rhetoric, the expected case for a December rate hike remains on course, yet given the division in the FOMC it is far from done,” said Stephen Innes, a senior trader at FX broker OANDA, referring to the U.S. central bank’s Federal Open Market Committee.
Stocks moved lower after comments from Federal Reserve Vice Chairman Stanley Fischer, who said economic stability could be threatened by low interest rates, but it was “not that simple” for the Fed to raise rates.
