{"id":505754,"date":"2022-11-02T21:33:45","date_gmt":"2022-11-02T18:33:45","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dow-surges-after-fed-hints-at-smaller-rate-hikes\/"},"modified":"2022-11-02T21:33:45","modified_gmt":"2022-11-02T18:33:45","slug":"dow-surges-after-fed-hints-at-smaller-rate-hikes","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dow-surges-after-fed-hints-at-smaller-rate-hikes\/","title":{"rendered":"#Dow surges after Fed hints at smaller rate hikes"},"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-6a2f206cc3b24\" 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-6a2f206cc3b24\" 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-surges-after-fed-hints-at-smaller-rate-hikes\/#%E2%80%9CDow_surges_after_Fed_hints_at_smaller_rate_hikes%E2%80%9D\" >&#8220;Dow surges after Fed hints at smaller rate hikes&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CDow_surges_after_Fed_hints_at_smaller_rate_hikes%E2%80%9D\"><\/span>&#8220;Dow surges after Fed hints at smaller rate hikes&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/dow-wall-street.jpg?quality=90&amp;strip=all\" \/><\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>US\u00a0stocks\u00a0tumbled on Wednesday, reversing earlier gains after the Federal Reserve raised interest rates by 75 basis points but signaled that smaller rate hikes may be on the horizon.<\/p>\n<p>The Dow had jumped more than 300 points but fell more than 200 points after Fed Chair Jerome Powell\u2019s press conference.<\/p>\n<p>In afternoon trading, the Dow Jones Industrial Average\u00a0plunged 272 points, or 0.8%, to 32,381, the S&amp;P 500\u00a0slumped 1.3% and the Nasdaq slid 1.7%.<\/p>\n<p>The\u00a0hike by the Fed, the fourth straight increase from the central bank of that magnitude as it attempts to bring down stubbornly high inflation and set the target federal funds rate in a range between 3.75% and 4.00%, was tempered by new language that suggested the central bank was mindful of the effect its outsized rate hikes have had on the economy.<\/p>\n<p>Investors had been widely anticipating a 75-basis point rate hike, while hoping the Fed would signal a willingness to begin downsizing the rate hikes at its December meeting.<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>\u201cThe Fed is finally acknowledging that they\u2019ve already done a lot and it might be prudent to slow the pace of hikes,\u201d said Brian Jacobsen, senior investment strategist at Allspring Global Investments in Menomonee Falls, Wisconsin.<\/p>\n<p>\u201cYou can\u2019t keep popping pills until you feel better. Sometimes you have to wait for the medicine to take effect.\u201d<\/p>\n<p>The S&amp;P 500 had been lower prior to the policy announcement, as the\u00a0ADP National Employment report\u00a0showed US private payrolls increased more than expected in October, giving more reason to the Fed to continue an aggressive path of rate hikes.<\/p>\n<p>The private payrolls report came on the heels of data on Tuesday that showed\u00a0a\u00a0jump in monthly job openings, indicating labor demand remained strong.<\/p>\n<p>Investors will get more looks at the labor market in the form of weekly initial jobless claims on Thursday and the October payrolls report on Friday that will help drive expectations for interest rate hikes.<\/p>\n<p>With nearly 70% of S&amp;P 500 companies having reported earnings for the quarter, growth estimates have moved slightly higher to 4.8% from 4.7% the previous day and 4.5% at the start of October.<\/p>\n<p>Advanced Micro Devices\u00a0rose after it\u00a0forecast some strength\u00a0in its data center business, while Airbnb\u00a0tumbled on a\u00a0bleak holiday-quarter revenue\u00a0forecast.\n                        <\/p><\/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\/11\/02\/dow-surges-after-fed-hints-at-smaller-rate-hikes\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Dow surges after Fed hints at smaller rate hikes&#8221; US\u00a0stocks\u00a0tumbled on Wednesday, reversing earlier gains after the Federal Reserve raised interest rates by 75 basis points but signaled that smaller rate hikes may be on the horizon. The Dow had jumped more than 300 points but fell more than 200 points after Fed Chair Jerome&#8230;<\/p>\n","protected":false},"author":1,"featured_media":505755,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/dow-wall-street.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[134966,73977,70550,72332,72388,70359],"class_list":["post-505754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-11-2-22","tag-dow-jones-industrial-average","tag-federal-reserve","tag-nasdaq","tag-stock-market","tag-stocks"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/505754","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=505754"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/505754\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/505755"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=505754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=505754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=505754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}