News Formal

Stock market news today: Fed minutes show more rate hikes likely

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Business News News

US stocks slide as Fed minutes show more rate hikes may be on the way

US stocks traded lower on Wednesday, as investors took in the minutes from the Federal Reserve's June policy meeting.

"The economy was facing headwinds from tighter credit conditions, including higher interest rates, for households and businesses, which would likely weigh on economic activity, hiring, and inflation, al-though the extent of these effect remained uncertain," the minutes said. Meanwhile, manufacturing data released Wednesday morning showed factory orders came in weaker than expected.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Dow slips as Fed minutes show more hikes ahead; Meta jumps By Investing.com*U.S. STOCKS END LOWER ON WEDNESDAY AS FED MINUTES SHOW MORE RATE HIKES AHEAD $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market news today: Investors await Fed meeting minutesUS stocks slip as investors await Fed minutes and parse China growth data
Source: BusinessInsider - 🏆 729. / 51 Read more »