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Wall Street rises after Fed signals slowing rate hikes

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Consumer confidence soared and home sales surged above expectations (Image: EUTERS/Lucas Jackson/File Photo)

The main indices of Wall Street ended this Wednesday with solid gains after the minutes of the November meeting of the Federal Reserve show that increases in the fees may slow down soon.

A “substantial majority” of US central bank monetary policymakers USA agreed that “it would probably soon be appropriate” to slow the pace of interest rate hikes, according to the document.

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Since the Fed’s last meeting on Nov. 1 and 2, investors are more optimistic that pressure on prices has started to ease, meaning that lower interest rate hikes could reduce inflation.

According to preliminary data, the S&P 500 🇧🇷SPX) gained 0.61% to 4,027.46 points.

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The technology index nasdaq 🇧🇷US100) advanced 1.01% to 11,287.18 points. O Dow Jones 🇧🇷DJI) rose 0.30% to 34,200.35 points.

The number of Americans filing new jobless claims rose more than expected last week and US business activity contracted for the fifth straight month in November.

Consumer confidence soared and home sales rose above expectations.

Heavyweight stocks including Amazon.com and Meta Platforms rose.

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Source: Moneytimes

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