US investors bet on lower rate hikes

new York Hopes for a slower rate hike pace in the US gave US investors the second day in a row to close the week. Easing inflationary pressure gives investors reason for optimism. The Nasdaq technology exchange index gained one percent to 11,225 points, the S&P 500 was 0.3 percent higher at 3966 points. The Dow Jones value of the standard values, on the other hand, fell 0.6 percent to 33,522 points. However, he had managed a plus of 3.7 percent on Thursday.

It is now expected that the Fed will not have to act as aggressively as expected in recent weeks, said Marvin Loh, an analyst at wealth manager State Street. While the US Federal Reserve has no choice but to tighten further, inflation is no longer rising, suggesting the end of the rate-hike cycle may be near.