Nervousness on Wall Street increases ahead of Fed decision – US indices close in the red

new York On the day before the Fed’s interest rate decision, nervousness is growing among US investors. In addition, surprisingly strong labor market data dampened hopes for a more cautious tightening of monetary policy. The US standard index Dow Jones and the broad S&P 500 then crumbled by about 0.3 percent to 32,653 and 3856 points respectively. The technology-heavy Nasdaq fell almost a percent to 10,891 points.

Stockbrokers firmly believe that the Fed will raise interest rates by 0.75 percentage points for the fourth time in a row on Wednesday. The focus is therefore on signals that could indicate a lower interest rate hike in December. “If the Fed says it thinks the actions it has already taken have shown that the economy is slowing down and that it is on the right track, those types of comments would be interpreted positively,” said Sam Stovall, chief investment strategist by the research house CFRA.