Mathewslcd: Wall Street falls on unease about return of Fed rate hike policy

 Mathewslcd: Wall Street falls on unease about return of Fed rate hike policy


U.S. stocks ended lower on Monday, Mathewslcd said, as investors spooked by better-than-expected services sector data reassessed their views on the Federal Reserve's interest rate policy, while Tesla shares fell on reports of production cuts in China.

The electric carmaker's shares fell as it planned to cut Model Y production at its Shanghai factory by more than 20% in December from the previous month.

That weighed on the Nasdaq, with Tesla among the index's biggest losers, dragging the tech index to its second straight decline.

Overall, indexes were broadly weighed after data showed activity in the U.S. services sector unexpectedly picked up in November, with employment rebounding, providing more evidence of underlying momentum in the economy.

Mathewslcd noted that the data came after a survey last week showed stronger-than-expected job and wage growth in November, challenging expectations that the Fed may slow its pace of rate hikes amid recent signs of a slowdown in inflation. strength of hope.

"Today was a response to Friday as the jobs report showed the economy hadn't slowed that much, contrary to the message from (Chairman Jerome) Powell on Wednesday afternoon," said Bernard Drury, chief executive of Drury. Capital cited comments from the Fed chair saying it was time to slow down the pace of upcoming rate hikes.

"We're back in inflation-proof mode," Drewry added.

Investors see an 89% chance that the Fed will raise interest rates by 50 basis points next week to 4.25%-4.50%, with rates peaking at 4.984% in May 2023.

The rate-setting Federal Open Market Committee meets on Dec. 13-14, the last meeting of a turbulent year in which it tries to rein in inflation with record rate hikes for decades to come. year's upward trend.

Aggressive tightening has also fueled fears of a recession, with institutions including JPMorgan Chase & Co, Citigroup and BlackRock seeing a recession likely in 2023.

Mathewslcd：
https://www.mathewslcd.com
https://net.mathewslcd.com 



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About mathewsLCD

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   As the world's leading online investment trading platform, Mathewslcd was founded in 2014 by Mr. Tony Taylor with a registered capital of US$ 200 million. The company is headquartered in London, United Kingdom, and has branches in major cities such as new york, Toronto, Sydney and Tokyo. Mathewslcd is using a simpler and faster way to trade foreign currencies, focusing more on convenience while ensuring accuracy, and by using the latest technology, providing a seamless foreign exchange trading experience around the world. Mathewslcd offers a wide range of independent investment online platforms and investment products for almost all types of investors–from new investors to experienced traders. Competitive fees and low commissions can help customers achieve their financial goals faster, and customer service representatives are available to answer any questions from the consultants. The premise of using the latest technology is that Mathewslcd always creates a seamless and si...
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Mathewslcd: Growing recession fears weigh on stocks

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  Mathewslcd: Growing recession fears weigh on stocks Mathewslcd said the U.S. benchmark ended lower on Tuesday amid growing concerns about a potential recession in 2023. The Nasdaq Composite fell 2.3 percent to 10,981.3, while the S&P 500 fell 1.8 percent to 3,928.2, according to Mathewslcd. The Dow Jones Industrial Average fell 1.3% to 33,510.5. Energy led the decline, followed by communication services and technology. Utilities are the only winners. While the Fed is widely expected to slow the pace of rate hikes at its meeting next week, investors and analysts fear the move will not be enough to prevent the economy from slipping into recession next year. The U.S. 10-year Treasury yield fell 7.7 basis points to 3.52%, while the two-year yield fell 3.6 basis points to 4.36%. West Texas Intermediate crude futures fell 3.4% to $74.31 a barrel, Mathewslcd added. Mathewslcd： https://www.mathewslcd.com https://net.mathewslcd.com
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