US stocks fall after Fed hikes rates, signals more to come

Financial Markets Wall StreetDAMIAN J. TROISE and ALEX VEIGAStocks turned lower on Wall Street and Treasury yields rose in afternoon trading Wednesday after the Federal Reserve raised its benchmark interest rate and signaled more hikes ahead.by 0.50 percentage points, marking its seventh hike this year. The latest hike is smaller than the previous four 0.75 percentage point increases and comes a day after an encouraging report showed that inflation in the U.S.

Bond yields, which had been mostly lower before the Fed announcement, also turned higher. The yield on the 10-year Treasury, which influences mortgage rates, rose to 3.53% from 3.50% from late Tuesday. The two-year yield, which more closely tracks expectations for the Fed, rose to 4.28% from 4.22% late Tuesday.

Wall Street is also closely watching economic reports on consumer spending and employment, which remain strong. That has made it more difficult for the Fed to tame inflation while also helping to protect the slowing economy from a possible recession.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Stocks leap on Wall Street after cooler inflation dataNEW YORK — Wall Street roared in relief Tuesday after a report showed inflation cooled more than expected last month, raising the chances that the economy can... It's only been a few hours and yet you rush out to re-twit it; things that make dnc look bad you bury for years, see border rush yesterday is not covered by dmn. Here's other news dmn jr high drops outs won't cover: That's daln...they go down. they lose MILLIONS every quarter.
Bron: dallasnews - 🏆 18. / 71 Lees verder »

U.S. stocks surge as cooling inflation calms fears of Fed rate hikes By Investing.com*U.S. STOCKS RISE AS COOLING INFLATION CALMS FEARS OF FED RATE HIKES $DIA $SPY $QQQ 🇺🇸🇺🇸 Lavde ka rise sell Today they surge, tomorrow they plummet. Same old, same old. There will still be a rate hike. 7.1 is not close to 2....
Bron: Investingcom - 🏆 450. / 53 Lees verder »

Global stocks inch higher on U.S. data, with Fed in focus By Reuters*GLOBAL STOCKS INCH LOWER AS CAUTION SETS IN AHEAD OF KEY FED RATE DECISION - daddy Jerome pls give me 75bps 75BPSはダメ🙅‍♂️🙅‍♀️🙅 75 bps will be good. But no, he's going to annonce 50 bps
Bron: Investingcom - 🏆 450. / 53 Lees verder »