US stocks end sharply lower on fears of aggressive Fed rate hike

Wall Street ended sharply lower on Monday as investors fretted about a US Federal Reserve gathering later this week in Jackson Hole, Wyoming, that is expected to reinforce a strong commitment by the central bank to stamp out inflation.

“Powell is going to try to sound hawkish to tamp down inflationary expectations and tighten financial conditions. So that’s most likely going to be a negative catalyst for the market,” warned Jay Hatfield, chief investment officer at Infrastructure Capital Management in New York. Investors will also be looking for details on the Fed’s plans to reduce its nearly $9-trillion balance sheet, a process that started in June.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Business Maverick: Junk nations risk muted future for debt sales as liquidity diesSeptember, historically the busiest month for high-yield sovereign bond sales, is set to disappoint this year as the risk of aggressive US rate hikes keep junk-rated nations on the sidelines.
Fonte: dailymaverick - 🏆 3. / 84 Consulte Mais informação »

Business Maverick: China seeks to stabilise property market with loans, lower ratesBanks in China lowered their benchmark lending rates while authorities stepped up support for the property market with additional loans, an attempt at bolstering waning business and consumer sentiment as the economy struggles.
Fonte: dailymaverick - 🏆 3. / 84 Consulte Mais informação »