Wall Street falls with expectations of a rate hike in 2023

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The Federal Reserve indicated that the economic outlook has improved, as it is expected to reach Economic growth Overall, up to 7 percent this year.

With inflation rising faster than expected and the rapid recovery of the economy, the market was looking for indications about when the Council might change the policies it adopted last year in the face of the economic repercussions of the pandemic, including a program buy bonds the huge.

The Federal Reserve stressed his pledge to wait for “more significant progress” before starting to switch to policies less related to the pandemic and to wait more for a while. open economy fully. It also kept its short-term key interest near zero and said it would continue to buy $120 billion in bonds each month to support the economic recovery..

Based on unofficial data, the index fell Dow Jones The industrial index fell 264.41 points, or 0.77 percent, to 34,034.92 points, the Standard & Poor’s 500 index closed down 22.83 points, or 0.54 percent, to 4,223.76 points, and the Nasdaq Composite Index fell 33.17 points, or 0.24 percent, to 14039.68.







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