Asia Falls, Eurozone And Commodities Trade Lower After Fed Rate Decision - Global Markets Today While US Was Sleeping
Portfolio Pulse from Akanksha Bakshi
Following the Federal Reserve's decision to keep the federal funds rate between 5.25% and 5.5%, US and global markets experienced declines. Most S&P 500 sectors, the Dow Jones Industrial Average, the Nasdaq Composite, and Asian markets including Japan's Nikkei 225, Australia's S&P/ASX 200, China's Shanghai Composite, and Hong Kong's Hang Seng Stock Exchange all closed lower. European markets and commodities also traded lower, while US futures and the U.S. Dollar Index were down.
September 21, 2023 | 10:46 am
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NEGATIVE IMPACT
The Dow Jones Industrial Average finished the day 0.22% lower following the Federal Reserve's decision to keep the federal funds rate steady.
The Federal Reserve's decision to keep the federal funds rate steady has led to a decline in the Dow Jones Industrial Average. This is likely due to investor concerns over the potential impact of higher interest rates on economic growth and corporate profits.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
The Nasdaq Composite fell 1.53% following the Federal Reserve's decision to keep the federal funds rate steady.
The Federal Reserve's decision to keep the federal funds rate steady has led to a decline in the Nasdaq Composite. This is likely due to investor concerns over the potential impact of higher interest rates on economic growth and corporate profits, particularly in the technology sector.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
The S&P 500 recorded a 0.94% decline following the Federal Reserve's decision to keep the federal funds rate steady.
The Federal Reserve's decision to keep the federal funds rate steady has led to a decline in the S&P 500. This is likely due to investor concerns over the potential impact of higher interest rates on economic growth and corporate profits.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100