Dow Jones, S&P 500, Nasdaq: Dow closes 1.2 percent higher - hopes for an interest rate pause
Has an interest rate hike really not been ruled out after all? Two high-ranking central bankers are speaking out against it. This changes the calculation in the markets.
US stock market indexes rose on Thursday, driven by expectations of a possible interest rate pause by the Federal Reserve. The Dow Jones gained 1.2% to 53,686 points, while the S&P 500 added 1.1% to 7,748 points and the Nasdaq Composite climbed 1.4% to 26,584 points. Federal Reserve Director Christopher Waller stated that his decision on the next interest rate move will depend on August inflation data, and that further progress towards the 2% inflation target could lead to a rate pause, but a strong inflation reading could also prompt a rate hike at the September 15-16 meeting. The current Fed 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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