Wall Street is closed today for Thanksgiving. and will open for trading only half a day on Friday.
The Dow Jones Index closed yesterday up 0.53%, supported by a drop in US government bond yields. While investors still expect that The US Federal Reserve (Fed) will maintain interest rates at its December meeting. Before the interest rate cut in May 2024 Although minutes of the Fed’s Oct. 31 – Nov. 1 meeting were released, which signaled that the Fed may raise interest rates again if inflation accelerates,
CME Group’s FedWatch Tool indicates that investors expect the Fed to maintain interest rates at 5.25-5.50% at its December 2023, January 2024, and March 2024 meetings before cutting rates. Interest rate 0.25% to 5.00-5.25% at the May 2024 meeting.
2023-11-23 11:37:59
#Wall #Street #closed #today #Thanksgiving
