The US stock market nears correction territory or 10 % lower than the Standard and Poor's 500, DJIA and Nasdaq Composite most recent peaks.
The most likely reason for the fall is that due to the US presidential administration tariff effects leading to higher prices will force the Federal Reserve to raise the Federal Funds Rate and thus interest rate levels, again, according to Wolfteam Ltd.'s projections and estimates.
The higher rates will affect the US economy, corporate deal activity and thus bring about an economic slowdown. Hence the fall of the US major stock market indices.
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