{"id":463803,"date":"2022-06-16T16:10:33","date_gmt":"2022-06-16T13:10:33","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dow-futures-fall-500-points-after-feds-sharp-rate-hike\/"},"modified":"2022-06-16T16:10:33","modified_gmt":"2022-06-16T13:10:33","slug":"dow-futures-fall-500-points-after-feds-sharp-rate-hike","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dow-futures-fall-500-points-after-feds-sharp-rate-hike\/","title":{"rendered":"#Dow futures fall 500 points after Fed&#8217;s sharp rate hike"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a279d382bb0f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a279d382bb0f\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-futures-fall-500-points-after-feds-sharp-rate-hike\/#%E2%80%9CDow_futures_fall_500_points_after_Feds_sharp_rate_hike%E2%80%9D\" >&#8220;Dow futures fall 500 points after Fed&#8217;s sharp rate hike&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CDow_futures_fall_500_points_after_Feds_sharp_rate_hike%E2%80%9D\"><\/span>&#8220;Dow futures fall 500 points after Fed&#8217;s sharp rate hike&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Dow futures fell by some 500 points before the market opened on Thursday as Wall Street <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears poised to give up some of the gains made after Fed Chair Jerome Powell announced sharp interest rate hikes to combat inflation.<\/p>\n<p>S&amp;P 500 futures fell by some 2% while Nasdaq futures were in the red by 2.3%. Hours earlier, all three indexes were in green territory.<\/p>\n<p>The Federal Reserve on Wednesday approved the largest hike to its benchmark interest rate since 1994 on Wednesday \u2014 increasing it by 75 basis points, or 0.75 of a percentage point.<\/p>\n<p>The hike was in line with revised expectations after last week\u2019s release of the\u00a0Consumer Price Index for May. The federal data showed inflation accelerated to a higher-than-expected 8.6% last month, the sharpest rate since December 1981.<\/p>\n<p>\u201cInflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures,\u201d the FOMC said in a statement.<\/p>\n<p>Powell reiterated that the central bank was \u201cmoving expeditiously\u201d to address inflation and acknowledged the historic nature of Wednesday\u2019s increase.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/dow-futures-fed-rate-hike-01.jpg?w=1024\" alt=\"Jerome Powell\" class=\"wp-image-22683371\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/dow-futures-fed-rate-hike-01.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/dow-futures-fed-rate-hike-01.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/dow-futures-fed-rate-hike-01.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Powell on Wednesday announced the largest increase in the benchmark interest rate since 1994.<\/figcaption><figcaption><span class=\"credit\">AP<\/span><\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"686\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/dow-futures-fed-rate-hike-03.jpg?w=1024\" alt=\"The markets made gains on Wednesday after Powell's announcement.\" class=\"wp-image-22683370\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/dow-futures-fed-rate-hike-03.jpg?quality=75&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/dow-futures-fed-rate-hike-03.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/dow-futures-fed-rate-hike-03.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>The markets made gains on Wednesday after Powell\u2019s announcement.<\/figcaption><figcaption><span class=\"credit\">AFP via Getty Images<\/span><\/figcaption><\/figure>\n<p>\u201cInflation has obviously surprised to the upside over the past year \u2014 and further surprises could be in store,\u201d Powell admitted in a press conference after the Fed\u2019s meeting on Wednesday. <\/p>\n<p>\u201cWe therefore will need to be nimble in responding to incoming data and the evolving outlook.\u201d<\/p>\n<p>\u201cClearly, today\u2019s 75 basis point increase is an unusually large one and I do not expect moves of this size to be common,\u201d Powell added. \u201cFrom the perspective of today, either a 50-basis point or a 75-basis point increase seems most likely at our next meeting.\u201d<\/p>\n<p>Fed officials said they expect the benchmark rate to hit a range of 3.25% to 3.5% by the end of this year. That would mark the highest level since 2008.<\/p>\n<p><em>Additional reporting by Thomas Barrabi<\/em>\n                        <\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/06\/16\/dow-futures-fall-500-points-after-feds-sharp-rate-hike\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Dow futures fall 500 points after Fed&#8217;s sharp rate hike&#8221; Dow futures fell by some 500 points before the market opened on Thursday as Wall Street appears poised to give up some of the gains made after Fed Chair Jerome Powell announced sharp interest rate hikes to combat inflation. S&amp;P 500 futures fell by some&#8230;<\/p>\n","protected":false},"author":1,"featured_media":463804,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/dow-futures-fed-rate-hike-comp-1.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[130374,73977,70550,70551,70552,72332,70360],"class_list":["post-463803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-6-16-22","tag-dow-jones-industrial-average","tag-federal-reserve","tag-inflation","tag-interest-rates","tag-nasdaq","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/463803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=463803"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/463803\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/463804"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=463803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=463803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=463803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}