The Fed is expected to raise its benchmark interest rate by twice the usual amount this week as it steps up its fight against inflation, which is at a four-decade high.
World shares were mostly lower on Wednesday as investors waited for a decision by the Federal Reserve on interest rates.
"All eyes are peering toward the FOMC meeting and a rate hike is an absolute given," Clifford Bennett, chief economist at ACY Securities, said in a commentary. India's Sensex lost 1% to 56,425.88. Taiwan's benchmark rose and most other regional markets were closed, including those in Japan and mainland China.
Oil prices rose as the European Union said it was preparing new sanctions against Russian energy over the war in Ukraine, though Slovakia and Hungary said they would oppose such measures. The S&P 500 ended 0.5% higher and the Dow Jones Industrial Average rose 0.5%. The Nasdaq inched up 0.2%, while the Russell 2000 added 0.9%.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Federal Reserve set to raise interest rates again, ramping up fight against inflationThe Fed is expected to raise its benchmark interest rate by twice the usual amount this week as it steps up its fight against inflation, which is at a four-decade high.
Leer más »
Federal Reserve set to raise interest rates again, ramping up fight against inflationThe Fed is expected to raise its benchmark interest rate by twice the usual amount this week as it steps up its fight against inflation, which is at a four-decade high.
Leer más »
What do Federal Reserve interest rate hikes mean for Main Street?The Federal Reserve is expected to raise interest rates again on Wednesday. Here's what that could mean for your wallet.
Leer más »
Bitcoin price trades around $38,000 ahead of Fed decisionBitcoin is holding around $38,000 ahead of the Federal Reserve's decision on interest rates.
Leer más »
How is Fed tightening affecting bitcoin and other crypto assets?Bitcoin trades lower Tuesday, a day before the Federal Reserve is expected to raise its benchmark interest rate by 50 basis points and start unwinding its...
Leer más »
Australia stocks set for higher start as investors look ahead to Fed rate decisionThe U.S. Federal Reserve is expected to raise interest rates on Wednesday for the second time since 2018.
Leer más »