(Finance) – The American indices pass in positive and, suddenly resume the path of decline, after the Federal Reserveas expected, announced the fourth consecutive 75 basis point squeeze, bringing interest rates from the current range of 3% to 3.25% to the new range of 3.75% to 4% .
In the press release accompanying the Fomc decision, indications emerge on a possible slowdown in the speed of the rises rates, also confirmed by the words of the governor, Jerome Powell. “We need to see inflation drop significantly” – said the Fed chairman – underlining that a slowdown in the rate of increases is approaching, “it could be at the next meeting or the one after”. At a certain point – continued Powell – “it will be appropriate to slow down the speed of the increases, but we still have some way to go”.
The Dow Jones scored -0.22% at 32,582.30 points while the S & P-500 lost 0.96% to 3,818.90 points. Down also the Nasdaq 100 (-1.50%) which reaches 11,119.94 points.
The job market remains strong
Employment in the US private sector rose more than expected in October. According to the monthly report compiled by Automatic Data Processing (ADP), the payroll agency, 239,000 jobs were created last month compared to September, while forecasts were for the creation of 195,000 jobs. work.