News Formal

Stocks hit session lows, with the Dow losing 700 points as Powell's warnings rattle Wall Street

  • 📰 CNBC
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

The Fed chair delivered a hawkish speech outlining the central bank's campaign to rein in rising prices.

Stocks sold off sharply Friday after Federal Reserve Chair Jerome Powell said in his Jackson Hole speech the central bank won't back off in its fight against rapid inflation.

"We do believe the Fed," said Zach Hill, head of portfolio management at Horizon Investments. "We believe what they say that rates are going to be higher for longer and we've seen some repricing of the cuts in 2023. We think there's more to go on that front and it's likely to continue to fuel equity volatility from here."

Markets have priced in a recession and are steering toward a soft landing, according to Fundstrat's Tom Lee. The communications services sector, which includes Big Tech stocks, drove the market sell-off that ensued following Federal Reserve Chair Jerome Powell's speech.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 12. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Stocks tumble after Fed dashes hopes for easing up on ratesStocks are tumbling in disappointment after the head of the Federal Reserve dashed Wall Street’s hopes that it may soon let off the brakes for the economy
ソース: WOKVNews - 🏆 247. / 63 続きを読む »