US stocks fall again after hawkish Fed minutes | Malay Mail

📆 07/04/2022 02:45:00
📰 malaymail

⏱ Reading Time:
23 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 86%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

NEW YORK, April 7 — Wall Street stocks tumbled for a second straight session Wednesday as Federal Reserve meeting minutes added to expectations for aggressive central bank monetary tightening. Several US Federal Reserve officials supported raising interest rates by half a per centage point in the...

NEW YORK, April 7 — Wall Street stocks tumbled for a second straight session Wednesday as Federal Reserve meeting minutes added to expectations for aggressive central bank monetary tightening.

Officials also discussed lowering their bond holdings by a total of US$95 million per month as soon as the upcoming May 3-4 meeting, according to the minutes. “The markets remain unnerved by the economic implications of a highly aggressive Fed and a potential policy mistake,” said a note from Charles Schwab.The broad-based S&P 500 slid 1.0 per cent to 4,481.15, while the tech-rich Nasdaq Composite Index shed 2.2 per cent to 13,888.82.

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:

Write Comment

Ireland Ireland Latest News, Ireland Ireland Headlines

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

US stocks fall following hawkish comments from Fed official | Malay MailNEW YORK, April 6 — Wall Street stocks finished sharply lower Tuesday following hawkish comments from a top Federal Reserve official that boosted expectations for more interest rate hikes. Saying inflation must be reined in, Fed Governor Lael Brainard warned the US central bank was “prepared to...
Source: malaymail - 🏆 1. / 86 Read more »