Wall Street: US stock markets are clearly in the red before interest rate decision
On Tuesday, the major Wall Street indexes are continuing the trend from the previous day. Meanwhile, the yields on government bonds are only moving in one direction: up.
US stocks fell on the day before the Federal Reserve's interest rate decision, with the Dow Jones down 0.8% to 52,022 points, S&P 500 down 0.5% to 7,585, and Nasdaq Composite down 0.8% to 25,989. The Fed is expected to raise interest rates, with market observers predicting a near-unanimous decision, fueled by persistent inflation of 3.4% year-over-year in August and a robust labor market.
US President Trump has called for a rate cut, but analysts expect the Fed to raise rates, with attention on Fed Chair Kevin Warsh's comments on future policy. The 10-year US bond yield rose to 5.04%, its highest in 19 years, as inflation and rate expectations pressure bond prices.
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.
