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US major indices close at lows for the day

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

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