Dow Jones, S&P 500, Nasdaq: Wall Street is in the plus – Fed speeches dampen interest rate expectations
Has an interest rate hike really been ruled out? Two high-ranking central bankers are speaking out against it. This changes the calculation in the markets.
US stock market indexes are showing slight gains, with Dow Jones up 1.2% to 53,677 points, S&P 500 up 1.1% to 7,747, and Nasdaq Composite up 1.4% to 26,581. Federal Reserve Director Christopher Waller has indicated that his decision on interest rates at the September 15-16 meeting will depend on August inflation data. If inflation shows further progress towards the 2% target, he may support a pause in rate hikes, but a strong inflation reading could lead him to consider a rate increase. The current interest rate is 3.50-3.75%, which is only slightly dampening overall demand.
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.
