© Reuters. Two traders work at the New York Stock Exchange on July 26, 2023. Photograph: Brendan McDermid – Reuters.
(Reuters) – Major indexes closed lower on Wall Street on Wednesday after the Federal Reserve (US central bank) kept key interest rates unchanged as widely expected, revised its economic forecasts higher and warned that the fight against inflation was far from over. About its end.
The three indicators ended the session lower following the announcement and the summary of economic expectations and the points chart that accompanied the announcement. In the chart, the central bank expects to raise interest rates by an additional 25 basis points this year to become in the range of 5.50 to 5.75 percent.
According to preliminary data, the Standard & Poor’s 500 index fell by 42.02 points, or 0.95 percent, to close at 4,401.93 points, while the Nasdaq Composite index lost 209.62 points, or 1.53 percent, to record 13,468.57 points. The industrial index fell 78.13 points, or 0.23 percent, to 34,439.60 points.
(Prepared by Muhammad Aysem for the Arabic Bulletin – Edited by Ali Khafaji)
2023-09-20 20:46:00
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