Dow Jones, S&P 500, Nasdaq: Dow schließt 1,2 Prozent höher – Fed-Reden dämpfen Zinshoffnung
Ist eine Zinserhöhung doch noch nicht ausgemacht? Zwei hochrangige Notenbanker sprechen sich dagegen aus. Das verändert die Kalkulation an den Märkten.
On Wall Street, a cautious optimism persists. Following slight gains the previous day, key indices closed higher on Thursday. The U.S. benchmark Dow Jones index rose 1.2 percent to 53,686 points. The broader S&P 500 added 1.1 percent to 7,748 points. The Nasdaq Composite, which emphasizes technology, increased 1.4 percent to 26,584.
The Nasdaq 100, representing the 100 largest non-financial companies by market capitalization, rose 1.2 percent to 29,482 points. The trading day was marked by contrasting developments, with conflicting views among top Federal Reserve officials. Fed Director Christopher Waller indicated his decision for the Federal Reserve's next interest rate meeting would depend on fresh inflation data.
"My decision on the appropriate monetary policy stance will largely depend on what insights we gain about inflation in August," Waller stated. If further progress towards the Federal Reserve's 2 percent target is evident, he would favor maintaining the current low rates. However, a significant increase was also on the table: "If inflation proves to be robust, I would consider raising rates," Waller added, referring to the September 15-16 meeting.
The current Fed benchmark rate of 3.50 to 3.75 percent would only modestly dampen overall demand. Thus, even a significant inflation surge would not immediately make him an advocate for a tighter monetary policy. While inflation remains "substantially above" the Fed's target, there are "slow but steady improvements."
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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