Wall Street closes lower as the Fed pounds rate hike drum - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Wall Street’s major indexes closed lower on Thursday as concerns mounted ahead of closely watched monthly non-farm payrolls numbers that the Federal Reserve’s aggressive interest rate stance will lead to a recession.

@SABCNews

The equity market has been slow to acknowledge a consistent message from Fed officials that rates will go higher for longer until the pace of inflation is clearly slowing. “There’s a likelihood that the Fed with further rate hikes pushes the economy into a recession in order to bring inflation down,” Pride said. “We don’t think the markets have fully picked up on this.”Despite the day’s decline, the three major indexes were poised to post a weekly gain after the sharp rally on Monday and Tuesday.On Friday the non-farm payrolls report on employment in September will help investors gauge whether the Fed alters its aggressive rate-hiking plans.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 37. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Apollo, Sixth Street no longer in talks to finance Twitter deal - Sources - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Apollo Global Management Inc and Sixth Street, which were looking to provide financing to Elon Musk earlier this year for his proposed buyout of Twitter Inc, are no longer in talks with the billionaire entrepreneur, according to two sources familiar with the matter.
Källa: SABCNews - 🏆 37. / 51 Läs mer »