December: Wall Street is worse in 14 months – The Economic Journal



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The New York Stock Exchange closed down more than 2% on Monday.

The Dow Jones lost 2.11% to 23,592.98 points. Nasdaq lost 2.27% to 6,753.73 points. Despite investor sentiment, Fed Chairman Jerome Powell may announce rising interest rates on monetary policy on Wednesday, which may be more restrictive.

The Fed expects the Fed to raise interest rates by 25 basis points from 2.25% to 2.5%.

US President Donald Trump criticized the Fed's plan to consider a further rise in prices in US dollars, arguing for near-zero inflation and a slowdown in the US dollar. Chinese economy.

The sectors that traditionally have high returns and therefore look like the bond market spread, selling to the rest of the market.

The financial sector has highlighted the opening of a lawsuit filed by Malaysia to Goldman Sachs in the case of 1MDB, the sovereign wealth fund of that country.

The energy sector also exacerbated. Wall Street recedes according to Reuters, also skewed by 2%, after the fall in the price of US oil that has hit the lows of the last 14 months, because of the excess supply of commodities in these markets

4.04% to $ 49.13, less than $ 50.

The Brent, the benchmark index in Europe, is also trading under the $ 60, after falling 2.54% to 58.75. dollars.

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