Wall St Ends Lower as Warsh Reaffirms Inflation Fight
6 Articles
6 Articles
Fed Chair Warsh's Hawkish Inflation Stance Sends (NASDAQ: QQQ) Nasdaq And (NYSE: SPY) S&P 500 Lower
Federal Reserve Chair Warsh rattled equity markets on Friday, pushing the probability of a rate hike at the September FOMC meeting to 57%, up sharply from 36% before he spoke. The S&P 500 Index (SPY) closed down -0.25%, the Dow Jones Industrial Average (DIA) fell -0.02%, and the Nasdaq 100 Index (QQQ) dropped -0.70% as […] The post Fed Chair Warsh’s Hawkish Inflation Stance Sends (NASDAQ: QQQ) Nasdaq And (NYSE: SPY) S&P 500 Lower appeared first …
Wall Street closed lower after the Fed's statement on inflation, although major indexes such as the S&P 500 and Nasdaq still recorded gains during the week.
Fed’s Hawkish Stance Rattles Global Markets
Global sharemarkets have commenced the week on the back foot as traders recalibrate United States interest rate expectations following a hawkish message from Federal Reserve chairman Kevin Warsh. In his first major speech, Mr Warsh vowed to stamp out inflation, reiterating the central bank’s commitment to its 2 per cent inflation target. He noted that
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