Wall Street is falling again after the Fed’s interest rate decision

Frankfurt The US Federal Reserve’s interest rate decision, which has been eagerly awaited for several days, did not cheer Wall Street on Wednesday. The Dow Jones index lost 0.4 percent to 33,966 points. The technology-focused Nasdaq fell 0.8 percent to 11,171, the broadest Standard & Poor’s And the 500 lost 0.6 percent to 3,995 points.

As the tide of inflation subsided in the USA, the Federal Reserve slowed the pace of rate hikes and increased the key interest rate by half a percentage point on Wednesday – as was generally expected. However, the monetary watchdogs have indicated that they will tighten further next year: they estimate that the key interest rate will be 5.1 percent by the end of 2023. In September, they announced a lower value of 4.6 percent. At the same time, the Fed chairmen now expect US economic output to increase by a meager 0.5 percent next year.