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NEW YORK (dpa-AFX) – Before the results of the US Federal Reserve meeting due on Wednesday in the course of trading, calm has returned to Wall Street. The Dow Jones Industrial (Dow Jones 30 Industrial) traded 0.08 percent lower at 34 272.45 points. The S&P 500, which covers the broad market, grew by 0.02 percent to 4247.51 counters. The technology-heavy NASDAQ 100 rose 0.46 percent to 14 094.25 points and remains within sight of its latest record high of 14 129 points.
The results of the interest rate meeting of the US Federal Reserve are expected on the evening of Central European summer time, the accompanying statements are in a special spotlight. Investors fear that the recent high inflation will loosen the currency watchdogs with their so far extremely loose Monetary policy gets into trouble. “Despite the stronger than expected price data in the US, the Fed is likely to stick to its mantra that the rise in inflation is only temporary and consequently its focus can be on further monetary policy support for the labor market,” said Dekabank in a commentary. edh / he
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