New York Few Wall Street investors dared to get out of the lid ahead of the Federal Reserve’s meeting minutes on Wednesday. The Dow Jones and the broader S&P 500 index settled at 30,965 and 3,829, respectively. The Nasdaq Technology Index was weaker by 0.2 percent at 11,303 points.
At the meeting in mid-June, the Fed raised its key interest rate by three-quarters of a percentage point – the largest jump since 1994. In the evening scheduled (8 p.m. CET), investors were now looking for the Clues to the pace of interest rates in the future. Investors’ fears of further interest rate hikes and the resulting recession were reflected in higher bond prices, pushing the 10-year US Treasury yield to a five-week low of 2.793 percent.
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