Dow Jones, S&P 500, Nasdaq: Wall Street liegt im Plus – Fed-Reden dämpfen Zinserwartungen
Ist eine Zinserhöhung doch noch nicht ausgemacht? Zwei hochrangige Notenbanker sprechen sich dagegen aus. Das verändert die Kalkulation an den Märkten.
Wall Street continued to show optimistic sentiment, with major indices closing higher on Thursday. The Dow Jones gained 1.2% to reach 53,677 points, while the S&P 500 increased by 1.1% to 7,747. The tech-heavy Nasdaq Composite rose 1.4% to 26,581. However, the trading session was marked by contradictory developments across various sectors.
Fed officials diverged from the prevailing market view that the central bank would raise interest rates at the September meeting. Fed Director Christopher Waller said his decision on monetary policy would depend on fresh inflation data. "My decision concerning the appropriate monetary stance will be fundamentally dependent on what insights we gain about inflation in August," he stated.
Progress towards the Federal Reserve's 2% target could lead to further rate hikes, while a significant slowdown in inflation might prompt a rate increase. Even a modest increase in inflation wouldn't necessarily make Waller advocate for stricter monetary policy. The current federal funds rate target of 3.50-3.75% would only slightly dampen overall demand, so a significant inflation surge wouldn't necessarily push the Fed towards a tighter policy.
Inflation remains "substantially above" the Fed's target, but "slow but steady progress" is being made.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
