Trending
Stocks
  • T
    19.01 USD 1.01%
  • ADBE
    326.81 USD -0.67%
  • MMM
    126.14 USD 1.2%
  • AMZN
    92.43 USD -1.63%
  • AAPL
    141.18 USD -2.11%
  • NFLX
    280.99 USD -0.07%
  • NVDA
    156.41 USD -1.19%
  • TSLA
    180.85 USD -1.14%
  • SP500
    3958.03 USD -0.16%
  • FB
    184.02 USD -6.43%
  • MSFT
    240.35 USD -0.59%
  • BRKA
    475890.58 USD 0.66%

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.

You may also like: NZD/USD jumps after a massive RBNZ rate hike

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.

Do you want to know more?

This article has a lot more to offer. Having an Investro registration allows you to read without any limitations. It's FREE and will only take few seconds.

Join us

Have you already registered? Sign in.

Tomáš is a financial reporter with US markets as his main field. He actively started in finance only recently, however has been surrounded by many analyst and reporting professiona...

Comments

Post has no comment yet.

Want add your comment? Sign up or Sign in