Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 25/07/2021 11:33 
17.06.2021 02:12 News >> US Stocks Close Lower As Fed Eyes 2023 For Rate Hike

US Stocks Close Lower As Fed Eyes 2023 For Rate Hike

Gold, silver, Bitcoin decline as dollar index, Treasury yields, VIX volatility rise.

Major indexes in the US stock market ended lower Wednesday after the Federal Reserve signaled that it would raise interest rates in 2023.
The Dow Jones Industrial Average fell 265 points, or 0.7%, to 34,033. The S&P 500 slid 22 points to 4,223, while the Nasdaq dropped 33 points to 14,039.
Precious metals plummeted as gold lost 1.6% to $1,829 per ounce and silver fell 1.2% to $27.3 an ounce. Bitcoin decreased 2.9% to under $38,700.
The sudden decline came after the Fed signaled earlier that it would raise interest rates in 2023 to tame rising inflation. Its federal funds rate projection for 2023 was revised up to 0.6%, which means it could make two rate hikes of 0.25% each.
The central bank also said it estimates inflation to come in at 3.4% this year, up from its 2.4% March estimate.
Investors flocked to US dollar and Treasury notes amid fears that the central bank would increase its benchmark interest rate.
The dollar index gained 0.8% to 91.3, while the yield on the 10-year US Treasury note jumped 5% to 1,575%.
The VIX volatility index, also known as the fear index, soared 6.6% to 18.15. -



        Latest News
Fire At Warehouse Kills 14 In Northeastern China 10 minutes ago...
Incident in Jilin province also leaves 26 people injured.
Ugandans Turn To Cannabis, Other Local Herbs To Treat COVID-19 25 minutes ago...
Desperate people in East African country resort to self treatment after hospitals start overcharging COVID 19 patients.
Ordinary Zimbabweans Suffer As Businesses Reject Lower Banknotes -5 minutes ago...
Zimbabwean currency disrespected, has no value in parallel market where decisions made regarding its use, says economist.
Diary 25 minutes ago...
Here are main topics Anadolu Agency's English Desk plans to cover on Sunday, July 25, 2021.
COVID-19 Cases At Tokyo Olympics Rise To 133 -20 minutes ago...
10 more diagnosed with COVID 19, including Olympics officials, employee, press member in Tokyo.

 
      Top News
2 Turkish Soldiers 'Martyred' In Northern Syria Terror Attack 2 Turkish Soldiers 'Martyred' In Northern Syria Terror Attack
Iraqi Party To Boycott Upcoming Parliamentary Elections Iraqi Party To Boycott Upcoming Parliamentary Elections
Turkish President Marks 1St Anniversary Of Reopening Of Hagia Sophia Grand Mosque Turkish President Marks 1St Anniversary Of Reopening Of Hagia Sophia Grand Mosque
Hamas Condemns 'Shocking' Israel's Observer Status At African Union Hamas Condemns 'Shocking' Israel's Observer Status At African Union
Turkey Condoles With India Over Deadly Floods Turkey Condoles With India Over Deadly Floods
Anadolu Agency's Morning Briefing - July 24, 2021 Anadolu Agency's Morning Briefing - July 24, 2021
Turkish Official Presses Request For Change In Paris Climate Deal Turkish Official Presses Request For Change In Paris Climate Deal
Leaders Of UAE, Israel Discuss Bilateral Ties Leaders Of UAE, Israel Discuss Bilateral Ties
Canada To Evacuate Afghans Who Aided Military During Afghan War Canada To Evacuate Afghans Who Aided Military During Afghan War
52 Irregular Migrants Held After Entering Turkey Illegally 52 Irregular Migrants Held After Entering Turkey Illegally