NEW YORK: Wall Street lost ground on Tuesday (Sept 19), with risk-off sentiment weighing as the US Federal Reserve (Fed) convened for its much-anticip...
The Marriner S. Eccles Federal Reserve building is covered in protective plastic during renovations in Washington, DC, on Tuesday. Financial markets have priced in a 99% probability that the US central bank will leave its key Fed funds target rate at 5.25%-5.00% on Wednesday. – AFPpicWall Street lost ground on Tuesday , with risk-off sentiment weighing as the US Federal Reserve convened for its much-anticipated two-day monetary policy meeting.
The Dow Jones Industrial Average fell 106.57 points, or 0.31%, to 34,517.73, the S&P 500 lost 9.58 points, or 0.22%, to 4,443.95 and the Nasdaq Composite dropped 32.05 points, or 0.23%, to 13,678.19. “Broad inflation readings have shown marked progress over the last year,” Northey added. “But the last mile of inflation is likely going to be more challenging, bringing it back toward the Federal Reserve’s target of 2%.”
“What’s being priced into the market is a pause but increased risk that rates will stay higher for longer,” said Michael Green, chief strategist at Simplify Asset Management in Philadelphia. “If announced that they are removing rate cuts in 2024 by raising the dot plot, it would generally be seen as a very hawkish pause.”
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Wall Street slips ahead of Fed policy meet, Instacart market debutNEW YORK, Sept 19 — Wall Street’s main indexes slipped today ahead of the Federal Reserve’s policy meeting, with investors awaiting grocery delivery app Instacart’s Nasdaq...
Leggi di più »
Wall Street subdued as chipmakers, growth stocks drag; Fed rate meet in focusNEW YORK, Sept 18 — Wall Street’s main indexes were subdued in choppy trading today as some megacap and chip stocks declined in the run-up to the Federal Reserve’s...
Leggi di più »
Wall Street moves sideways as investors look to FedNEW YORK: Wall Street closed little changed on Monday (Sept 18) as market participants looked ahead to the US Federal Reserve’s (Fed) expected decisio...
Leggi di più »
Wall Street moves sideways as investors look to FedNEW YORK, Sept 18 — Wall Street closed little changed yesterday as market participants looked ahead to the US Federal Reserve’s expected decision to leave key interest rates...
Leggi di più »
Climate protesters throng New York, demand end to fossil fuelsNEW YORK: Tens of thousands of people took to the streets of New York on Sunday, calling for increased action against climate change ahead of the open...
Leggi di più »
Climate protesters throng New York, demand end to fossil fuelsNEW YORK, Sept 16 — Tens of thousands of people took to the streets of New York yesterday, calling for increased action against climate change ahead of the opening of the UN...
Leggi di più »