Sunday , October 2 2022

Finally in the upcoming series S & P 500 with Fed remains …


Finally, the S & P 500 was at the top of three days, while Nasdak dropped after two days of winning. Dow Jones went on against the trend, marking marginal gains.

The losses on the stock exchanges have been lost since the announcement of Federal Monetary Policy's decision on the unchanged interest rate widely expected, but noted that it "expects a gradual increase in the target bandwidth for the federal funds rate".

Analyst Dov Jones rose 10.92 points to 26,191 units, while the S & P 500 lost 7.06 points or 0.3 percent to 2.806 points. Nasad dropped 39.87 points or 0.5% to 7.530 points.

The US Federal Reserve retained the short-term interest rate in the range of 2-2.25%. In a statement after its two-day meeting, the monetary authority emphasized a strong economy without reversing market expectations that the next interest rate increase – the fourth in a row – would be held at the next meeting in December.

Data from the Fed's latest meeting in September show that the labor market has continued to grow and economic activity has risen sharply, the Fed's interest rate commission announced.

In September, the Fed decided to raise the interest rate to between 2-2.2%. Today central bank officials have decided to keep interest rates at the same level, with the unanimous decision of board members.

Yesterday Vall Street recorded profits after the outcome of the US midterm elections, which was largely in line with projections and removed uncertainty, which had an impact on investment attitudes. However, investors will continue to develop developments in the divided Congress, where the Democrats again took control of the House of Representatives, while the Republicans retained the majority in the Senate.

At the same time, corporate bills continue, with about 87% of S & P 500 companies announcing that they will record a profit increase of more than 25%, according to FactSet. Although good financial results have supported market optimism, along with the signs of a strong economy, investors fear that stable growth may not take long, especially since global growth has "paused".

At the end of the day, the number of US unemployment claims declined last week, the latest indicator of a historically "solid" labor market.

Unemployment benefits fell by 1,000 to a seasonally adjusted figure of 214,000 a week that ended on November 3, the labor ministry announced. Economists were expecting 210,000 new applications for unemployment benefits.

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