2023-08-13 15:03:22
Stock trader on the New York Stock Exchange (NYSE).
There are currently many opinions in the stock market as to which direction the Fed is taking.
(Photo: Reuters)
Frankfurt Kurz it seemed as if the interest rate peak was within reach, at least in the USA. Slowing inflation had strategists and investors jubilant that the US Federal Reserve’s rate-hike cycle was over. At the end of the week, share prices started a new upward course.
But even this did not last long: Slightly higher new producer prices than expected in the world’s largest economy and the warning from a well-known US central banker that an interest rate pause by the Fed was far from agreed, brought back the uncertainty and stock and bond prices again Pressure. In the new week, economic data in particular could provide orientation.
The market is now completely at a loss as far as US monetary policy is concerned. Jan Gengel, analyst at Weberbank, says: From “there are further steps to be feared” to “that’s it now with the interest rate hikes” to “hopes for key rate cuts soon” all opinions are represented.
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