The Fed may raise interest rates again in September.
(Photo: AP)
Frankfurt, New York US stock markets rose significantly on Friday. The Dow Jones index of benchmark values rose by one percent to 32,105 points. the widest Standard & Poor’s 500 rose 1.3 percent to 4,059 points. The Nasdaq Technology Index rose 1.9 percent to 12,085 points.
It is likely that the comments of Fed Director Chris Waller, who promised a strong interest rate and talked about the disappearance of recession fears, caused the significant increase in rates.
Trader Dennis Dick of brokerage Triple D Trading said that after a strong sell-off in the last few weeks of August, the catching-up race has begun. Inflation data next week should point the way forward, providing further clues to the pace of interest rate hikes by the US Federal Reserve.
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Sylvia Plath writes for Social Post News, covering news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on clear, reliable reporting and useful information, helping readers stay informed about current events, emerging trends, and stories that matter.
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