The Dow opened more than 100 points lower amid concerns about a Federal Reserve interest rate hike.
The New York Stock Exchange will be closed on Monday, February 20 for President’s Day.
As of 9:31 pm Thai time, the Dow Jones Industrial Average was at 33,569.10 points, down 127.75 points or 0.38%.
Goldman Sachs released a report expecting the Fed to raise interest rates by 0.25% three times this year to a maximum range of 5.25-5.50% after it released higher than expected inflation figures. and a strong labor market
The report is in line with the CME Group’s FedWatch Tool, which indicates that investors expect the Fed to raise interest rates at its meetings in March, May and June by 0.25% each to a maximum range of 5.25- 5.50% and keep interest rates at that level. before cutting interest rates by 0.25% in December
St Louis Fed President James Bullard said in favor of a 0.50% rate hike at the March meeting.
Investors are keeping an eye on Fed officials’ statements. Including revealing the minutes of the Fed’s daily meeting on 31 January – 1 February next week. Find a signal indicating the direction of the Fed interest rate.
