US stocks rally as market bets Fed could be done hiking | The Malaysian Insight

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US stocks rally as market bets Fed could be done hiking

Wall Street stocks pick up on Thursday in a sign the stock market sees the Federal Reserve’s campaign of raising interest rates as ending soon. – EPA pic, June 16, 2023.

WALL Street stocks rallied yesterday, in a sign that the stock market sees the Federal Reserve’s campaign of raising interest rates as ending soon. All three major indices jumped more than 1%, a day after the Fed kept rates unchanged but signalled it expects further hikes in 2023. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

 

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