Wall Street: US stock exchanges close uniformly in the minus before interest rate decision
On Tuesday, the major Wall Street indexes continued their trend from the previous day. Meanwhile, the yields on government bonds only knew one direction: up.
US stocks fell on Tuesday, with investors fleeing due to fears of rising interest rates and increasing oil prices. The Dow Jones index dropped 0.6% to 52,093 points, while the S&P 500 and Nasdaq Composite declined 0.4% to 7,586 points and 0.8% to 25,982 points, respectively. The market is awaiting the US Federal Reserve's interest rate decision, with nearly all market observers expecting a rate hike.
The inflation rate remained at 3.4% in August, and the core inflation rate was 2.4%. Expectations of a rate hike have risen to over 90% since the inflation data was released.
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.
