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Monday, January 30, 2023

Rate Effect: Markets in significant decline in the United States

monetary policy tightening From United States Federal Reserve (FED) That correlated to that country’s financial markets this Thursday, with the main papers on Wall Street falling an average of 3.5%, while the Dow Jones panel of industrials fell 2.7%, the S&P 500 fell 2.8%, and the Nasdaq The technology stock closed down 3.4%.

For analysts, this is a result of the FED’s decision to raise the reference interest rate by an additional half point until the target range of 4.25% to 4.50% is reached, that of 10-year Treasury bonds.

World Nation News Desk
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