Dow Falls 700 Points Raws li Powell hais tias muaj 'Txoj Kev Mus' Rau Rate Hikes

Tojsiab

Cov khoom lag luam poob rau hnub Wednesday raws li Tsoom Fwv Teb Chaws Reserve Thawj Tswj Hwm Jerome Powell cuam tshuam kev cia siab luv luv txog txoj cai nyiaj txiag txo qis txhua lub sijhawm sai sai.

Cov Lus Tseem Ceeb

Dow Jones Industrial Nruab Nrab poob 2.6%, lossis 850 cov ntsiab lus, tom qab Powell's 2: 30 EST lub rooj sib tham tom qab Fed's tshaj tawm ntawm 75 lub hauv paus-point nce rau tsoomfwv cov nyiaj tau los.

S&P 500 thiab tech-heavy Nasdaq poob 3% thiab 4% nyob rau lub sijhawm, raws li.

Dow tau nce ntau dua 300 cov ntsiab lus tam sim ntawd tom qab taug kev raws li cov tub ua lag luam cuam tshuam rau txoj kab hauv xov xwm tshaj tawm qhia tias Fed tuaj yeem cuam tshuam sai sai rau qhov cuam tshuam ntawm kev nce nqi ntawm cov khw lag luam raws li kev cia siab rau cov phiaj xwm tsawg dua.

"Thaum xub pom, nws zoo li Christmas yuav tuaj ntxov rau Wall Street," OANDA tus kws tshuaj ntsuam Edward Moya tau sau.

Bond lag luam ib txhij poob, nrog 10-xyoo US Treasury yields nce ntau npaum li 10 lub hauv paus ntsiab lus rau 4.08% raws li cov tub ua lag luam piled rau hauv cov cuab tam muaj kev ruaj ntseg.

Kev Nkag Siab Hais

Powell tau hais rau hnub Wednesday tias "Nws yog ntxov ntxov, hauv kuv qhov kev xav, xav txog lossis tham txog kev ncua peb qhov kev nce qib," Powell tau hais rau hnub Wednesday thaum nws tuav ruaj khov hauv nws txoj kev cog lus kom txo qis kev nce nqi. "Peb muaj txoj hauv kev mus."

Tus Keeb Kwm Tseem Ceeb

Qhov no yog qhov thib rau qhov nce ntawm 2022, nce tsoomfwv qiv nyiaj mus rau lub hom phiaj ntawm 3.75% mus rau 4% tom qab ob xyoos ntawm 0% mus rau 0.25%. Cov khoom lag luam keeb kwm poob qis tom qab tus nqi nce siab vim tias cov nqi qiv nyiaj ntau dua feem ntau ua rau cov nyiaj tau los tsawg dua rau cov neeg siv khoom thiab cov nyiaj tau los qis dua. S&P poob qis 21% xyoo-rau-hnub, ntawm kev nrawm rau nws xyoo tsis zoo txij li Kev Txom Nyem Loj. Ua ntej lub caij nplooj ntoo hlav no, Fed tsis tau nce tus nqi los ntawm 75 lub hauv paus ntsiab lus txij li thaum 1994.

Contra

Txawm hais tias Powell lub suab nrov, ntau tus kws tshaj lij tseem cia siab tias Fed yuav qeeb tus nqi nce siab tom qab nws lub rooj sib tham tom ntej hauv lub Kaum Ob Hlis. CME Group tau saib xyuas FedWatch cuab tam tej yaam num muaj 55% txoj hauv kev ntawm 50 lub hauv paus-point nce lub hli tom ntej. Hnub Wednesday "qhib lub qhov rooj" rau 50 lub hauv paus-taw tes mus taug kev, Gargi Chaudhuri, tus thawj coj ntawm kev nqis peev zoo ntawm BlackRock's iShares ETFs unit, tau sau rau hauv daim ntawv hnub Wednesday rau cov neeg siv khoom. "Kev ua lag luam tau tus nqi siab dhau qhov tshwm sim ntawm Fed hnyav dhau," raws li Chaudhuri.

ntxiv nyeem ntawv

Fed nce tus nqi ntxiv 75 Cov ntsiab lus tseem ceeb-Ntxiv mus thawb cov nqi qiv nyiaj mus rau qib siab tshaj txij li kev lag luam loj (Forbes)

Federal Funds Rate History 1990 txog 2022 (Forbes)

Dow Kaw lub hli zoo tshaj plaws hauv 46 xyoo raws li cov tub lag luam cuam tshuam Fed's Ghouls (Forbes)