Wall Street ends down on nagging uncertainty about Fed rate path

US stocks markets ended lower on Wednesday as investors became uncertain of the next move from the Federal Reserve regarding interest rate hikes. The Fed had announced an increase in interest rates by 0.25% as expected. The unanimous decision lifted the US central bank's benchmark overnight interest rate to the 5.00%-5.25% range, the 10th consecutive increase since March 2022.



May 04, 2023 at 06:31AM