NEW YORK (dpa-AFX) – After the strong run since mid-October, the rally in US stock markets has stalled for almost a week. Doubts that the US Federal Reserve would actually slow the pace of its rate hikes due to slowing inflation also weighed on Thursday. James Bullard, chairman of the St. Louis Regional Federal Reserve, said interest rates would need to continue to rise for the Fed to meet its goal of reducing inflation. Against this backdrop, investors continued to take profits on Wall Street and US Treasury yields rose again in the US bond market.
Der Dow Jones industrialist
Since last Friday, investors have become noticeably more cautious. The relief from the slowdown in US inflation, which had sent the Dow Jones up nearly a fifth in just over a month, was fading. Hopes that the Fed might take a much more cautious approach to monetary policy in light of the latest inflation data have been dampened. Statements from Fed members are fueling growing risk aversion.
New economic data might not change investor sentiment. Data on jobs and housing were mixed. Philadelphia central bank survey of producers on business climate showed unexpectedly clouded mood./ck/he
ISIN US2605661048 US6311011026 US78378X1072
AXC0267 2022-11-17/16:29
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