New York Stocks End: Dow smuggles after US interest rate decision | message

NEW YORK (dpa-AFX) – The decisions and comments by the US Federal Reserve pulled Wall Street a little deeper into the red on Wednesday. The Dow Jones Industrial (Dow Jones 30 Industrial) fell briefly below the 34,000 point mark and closed with a loss of 0.77 percent at 34,033.67 points. The S&P 500, which represents the broad market, fell by 0.54 percent to 4223.70 points. The technology-heavy NASDAQ 100 fell 0.34 percent to 13,983.01 points.

The Federal Reserve continues its extremely slack Monetary policy in view of the ongoing corona dangers, but is apparently thinking more about reducing it a bit. A corresponding debate has begun, said Fed Chairman Jerome Powell after the central bank’s two-day interest rate meeting. Specifically, it is about when the Fed will cut back on its regular cash injections to support the economy. She currently buys $ 120 billion worth of government bonds and mortgages every month.

The key interest rate in the US will initially remain in the range of 0 to 0.25 percent. Economists had expected the decision. The aim of the loose line is to support the US economy in the corona pandemic./edh/he

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