Wall Street: Interest rates up, stock prices too? The Fed decides today
The markets expect an interest rate hike of 0.25 percentage points to 3.75 to four percent. However, the decisive factors will be the new interest rate forecasts and the statements by Fed Chairman Kevin Warsh.
US stock market futures are showing a slight recovery after six loss days in seven sessions, with Nasdaq futures up 0.5% and S&P futures up 0.2%. The Federal Reserve is expected to raise interest rates by 0.25 percentage points to 3.75-4.00% today. JPMorgan's Market Intelligence team predicts two more rate hikes, in September and December, but this depends on oil prices dropping due to a Middle East agreement.
Meanwhile, companies like J.B. Hunt are experiencing significant cost pressures, with the transport company expecting a 5-10% drop in Q3 profit.
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.
This story
This is one outlet's version. Read the fullest account.
- Wall Street: US stock markets turn into minus after Fed rate hike handelsblatt.com
- Wall Street ends lower as oil spikes and the benchmark Treasury yield breaches 5pct nst.com.my
- Crypto’s push Into Wall Street suffers setback after bill fails businesstimes.com.sg
- 2 Vanguard Index Funds to Buy to Beat the S&P 500 in the Next Year, According to Wall Street nasdaq.com
- ASX eyes gains, Wall Street slips as oil prices, bond market crank up pressure theage.com.au
- ASX eyes gains, Wall Street slips as oil prices, bond market crank up pressure smh.com.au
- 2 Vanguard Index Funds to Buy to Beat the S&P 500 in the Next Year, According to Wall Street fool.com
- Crypto’s push into Wall Street suffers setback after bill fails moneyweb.co.za
