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US stock indexes are rising after the publication of the minutes of the Fed meeting


May, 26 2022
watermark Economic news

Following the results of Wednesday's trading, the US stock market showed a rise, «digesting» the publication of the minutes of the Federal Reserve meeting from May 3-4.


According to the protocol, the US Central Bank remains open to revising its aggressive stance on raising rates. Most representatives of the regulator believe that an increase in the key rate by 50 basis points at the next few meetings will be appropriate as part of the fight against the rapid growth of inflation.


It is expected that after a series of rate hikes, the Fed will again assess the state of the economy and determine how many more increases may be required.


Earlier it was reported that the Fed raised the rate at the end of the May meeting by 50 bps, to 0.75-1% per annum. It is worth noting that the rate was raised immediately by 50 bp for the first time since 2000. At the same time, the chairman of the US Central Bank, Jerome Powell, said that the Fed will consider raising the rate by 50 bps at the next few meetings, but an increase in the rate by 75 bps at once is not actively discussed.


As a result, after the publication of the minutes, the Dow Jones Industrial Average rose to 32,254.44 points. The Standard & Poor's 500 increased to 3,978.73. And the Nasdaq Composite rose to 11,434.74 points.


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