US stocks fall again after hawkish Fed minutes | Malay Mail

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.

Malaysia Malaysia Latest News, Malaysia Malaysia 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 »