NEW YORK (dpa-AFX) – Prices on the US stock market went up and down on Wednesday after the Fed interest rate decision. Initially, the indices rose noticeably after it became known that the US Federal Reserve could raise its key interest rates less significantly than previously in December. However, Fed Chair Jerome Powell left no doubt that interest rate hikes would continue. It is “very premature” to think about pausing interest rate hikes, the central banker said.
Ultimately, prices then slid sharply again, so that the leading index Dow Jones Industrial (Dow Jones 30 Industrial) went out of trading with a discount of 1.55 percent to 32,147.76 points. The market-wide S&P 500 lost 2.50 percent to 3759.69 points. The NASDAQ 100, which is dominated by technology stocks, was even worse off with minus 3.39 percent to 10,906.34 points.
As expected, the Fed raised the key interest rate again by 0.75 percentage points. The background to the significant tightening is the very high inflation./ajx/he