• T
    16.38 USD 0.43%
  • ADBE
    372.09 USD 0.22%
  • MMM
    101.72 USD 2.71%
  • AMZN
    115.02 USD -1.07%
  • AAPL
    174.22 USD -0.55%
  • NFLX
    363.05 USD -0.64%
  • NVDA
    311.79 USD -0.28%
  • TSLA
    188.89 USD 4.85%
  • SP500
    4193.05 USD 0.02%
  • META
    248.34 USD 1.09%
  • MSFT
    321.21 USD 0.89%
  • BRKA
    501198.61 USD -1.19%

US markets higher today thanks to news from Fed

US markets revived as Fed talks about slowing down rate hikes. Traders are still unsure how high the peak rate will end. Dollar weakens across the board.

Stocks slightly higher as Fed suggests massive hikes to be reduced

Following news that interest rate increases may soon ease, Wall Street’s major indexes squeezed out small gains on Wednesday. According to the minutes, majority of decision-makers expressed that it would be appropriate to decrease the rate of interest rate hikes. Investors have grown more confident that price pressure has started to lessen. Fed’s most recent meeting on November 1st-2nd suggested that modest rate increases may be able to contain inflation.

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The Nasdaq rose by 1%, the S&P 500 rose by 0.6%, and the Dow Jones Industrial Average rose by 0.28%, or 96 points. Trading volume was light ahead of Thursday due to the Thanksgiving break. The U.S. stock market will be open for a half-session on Friday.

Traders presently anticipate rates to peak at 5.00% to 5.25%. With that happening rates would be at their highest level since June 2006 if they do peak at roughly 5%. Hardline Fed members like St. Louis Fed President James Bullard suggests that rates may need to increase as high as 7% to bring down inflation. Investor focus has shifted to the terminal Fed Funds rate, or the point at which rates will likely peak, as a slower pace of rate hikes has been largely priced in.

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Tomáš is a financial reporter with US markets as his main field. Tomáš is an aspiring author and entrepreneur aspiring to help people get better in financial knowledge.


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