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Thursday, March 23, 2023

Wall Street ended unevenly after the minutes of the Fed’s minutes in favor of the rate hike

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This happened after it was revealed that in the minutes of the last meeting of the United States Federal Reserve almost all officials endorsed a rise of 25 basis points and that a few assured that it could extend to 50 basis points.

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the fed he saw upward inflation risks as a key factor for upcoming decisions.

It should be noted that, after a market decline in 2022, all three major indices rose in January as investors expected the Federal Reserve to pause its rate hikes and perhaps turn around towards the end of the year.

However, stocks have been suffering a streak of volatility in Februaryas traders priced in higher interest rates for longer as inflation remains high in the face of a strong economy.

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Money market players expect rates to peak at 5.35% in July and stay around those levels until the end of 2023.

Source: Ambito

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