new York The US stock exchanges closed on Wednesday with price losses. A slump in profits at US retailer Target weighed on sentiment. US retail data also offered no support. Wall Street reined in its losses following the release of Federal Reserve minutes. The Dow Jones index of standard values closed 0.5 percent lower at 33,980 points. The tech-heavy Nasdaq fell 1.3 percent to 12,938 points. The broad S&P 500 lost 0.7 percent to 4274 points.
The US Federal Reserve is preparing for a long battle against inflation and is leaving the extent of the next rate hike open. As can be seen from the minutes of the most recent meeting in July, the monetary watchdogs have not yet indicated any preference as to whether they want to take another unusually large rate hike of 0.75 percentage points in September or leave it at a hike of half a point. They explained that this was dependent on the data situation.
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