US stocks fall after latest Fed rate hike as oil prices slide | The Malaysian Insight

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US stocks fall after latest Fed rate hike as oil prices slide

Following an up day on European bourses, US stocks decline on along with the dollar on Wednesday after the Federal Reserve’s latest interest rate hike. – EPA pic, May 4, 2023.

WALL Street stocks declined along with the dollar after the Federal Reserve’s latest interest rate hike yesterday, while US oil prices slid below US$70 a barrel amid recession worries. Following an up day on European bourses, US stocks initially rose after the Federal Reserve paired its latest rate increase with a hint that it could pause on additional hikes.

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