Fed rate hike cuts down US equities. As rate hikes are expected to continue rising, the US yield curve risks continuing to invert. Wall Street ended Wednesday off of the day’s highs, with US equities retreating after the US Federal Reserve hiked interest rates to 2.25%, in line with broader market expectations. The US Fed is still on pace to hike rates again in December as long as the US economy keeps its current growth prospects on the rails, and the Fed is looking much more hawkish. The US Treasury curve flattened on reaction to the rate hike, and the Dow Jones Industrial Average declined 0.4%, with the S&P 500 falling back 0.33% with the Nasdaq Composite in the red by 0.21%. S&P 500 levels to watch The Standard & Poor’s 500 index is falling back from a recent peak at 2,940, testing the 2,900 technical barrier with support coming from the last swing low at 2,864. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold looking for a close below daily cloud base of $1,195/oz FX Street 4 years Fed rate hike cuts down US equities. As rate hikes are expected to continue rising, the US yield curve risks continuing to invert. Wall Street ended Wednesday off of the day's highs, with US equities retreating after the US Federal Reserve hiked interest rates to 2.25%, in line with broader market expectations. The US Fed is still on pace to hike rates again in December as long as the US economy keeps its current growth prospects on the rails, and the Fed is looking much more hawkish. The US Treasury curve flattened on reaction to the rate hike, and the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
