Dow Jones, S&P 500, Nasdaq: Dow closes 1.2 percent higher - Fed speeches dampen interest rate hopes
Is an interest rate hike really off the table? Two high-ranking central bankers are speaking out against it. This changes the calculation in the markets.
US stock market indexes rose on Thursday, with the Dow Jones gaining 1.2% to 53,686 points, S&P 500 up 1.1% to 7,748 points, and Nasdaq Composite 1.4% higher at 26,584 points. Two Federal Reserve representatives, including Christopher Waller, expressed differing views on interest rates, contradicting market expectations of a rate hike in September.
Waller stated his decision on interest rates would depend on August inflation data, and that further progress towards the 2% inflation target could lead to a rate pause, while high inflation could lead to a rate increase. The Fed's current interest rate is 3.50-3.75%.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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- Dow Jones, S&P 500, Nasdaq: US stocks mixed after strong jobs report handelsblatt.com
