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US major indices close at lows for the day
The major US stock indices closed near low levels for the day. The declines were led by the NASDAQ index which fell -1.78%. Things got more negative after feds Bullard said a 50 basis point rise could not be ruled out at the next meeting.
Bullard is not a voting member is one of the more hawkish of the Fed officials. He sees a terminal rate of 5.25% – 5.50% as appropriate which is higher than the current projection of 5.10% from the December meeting.
Looking at the major indices:... Read More
Posted: Feb 16 2023, 21:09
Author Name: forexlive
Views: 082290