Dow Jones, S&P 500, Nasdaq: Wall Street is in the plus – Fed officials dampen interest rate expectations
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 show slight gains, with Dow Jones up 0.8% to 53,518 points, S&P 500 up 0.6% to 7,715, and Nasdaq Composite up 0.9% to 26,460. Two Federal Reserve officials, Christopher Waller and Michael Barr, have expressed uncertainty about a potential interest rate hike in September, citing inflation trends and data. The probability of a rate hike has dropped to just over 50% after their comments.
Meanwhile, oil prices rise after Iran's attack on Kuwait, and tech stocks show mixed results, with Snowflake surging 23% after raising its forecast.
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.
