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New York Dow: Fear and anxiety hit the ground for the second time
New York Dow: Fear and anxiety hit the ground for the second time, down 0.8 percent
New York | US |Fears appeared in Wall Street as the Dow hit the ground for the second time.
Due to the increase in Fed Red, the Dow has slipped further, it has recorded a decline of 0.8 percent so far, which increases the concern.
Dow has registered a decline of 260 points or say 0.80 percent from the opening level.
If the Federal Reserve raises interest rates sharply, then the concern may increase even more.
Fed Chairman Jerome Powell after delivering an eagerly awaited address in Jackson Hole, Wyoming
In which he talked about the pain of rate hikes with the Dow falling more than 1000 points on Friday in the stock.
New York Dow: Fear and anxiety hit the ground for the second time, down 0.8 percent
The Fed is looking to achieve inflation.
Investors are speculating that the Fed will reduce or halve the pace of growth.
Investors are pricing in 65 percent. The Fed meets once every three months.
