new York Rekindled interest rate concerns following Wednesday’s Fed minutes pushed Wall Street into the red on Thursday. The Dow Jones index of standard values closed 1.1 percent lower at 33,922 points. The tech-heavy Nasdaq fell 0.8 percent to 13,679 points. The broad S&P 500 lost 0.8 percent to 4411 points.
According to the most recent notes from the US Federal Reserve, the monetary authorities see room for improvement in interest rates, although they took a break in June and maintained the key interest rate range of 5.0 to 5.25 percent. Fed Chairman Jerome Powell declared at the end of June that most of the central bank’s decision-makers expected at least two further rate hikes by the end of the year. “The question is no longer whether the Fed will hike this month, but how many more hikes will follow,” said Craig Erlam, an analyst at trading house Oanda.
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