Dow Jones coming under pressure
Fed Chairman Jerome Powell's comments that the Federal Reserve would likely be forced to raise interest rates higher than expected put pressure on US indices.
Fed Chairman Jerome Powell's comments that the Federal Reserve would likely be forced to raise interest rates higher than expected put pressure on US indices. The Dow Jones dropped to its lowest level in three months. Today, US labour data will be released. They are expected to show that unemployment remains at the previous level of 3.4% and that the economy added 210,000 new jobs. If unemployment proves higher than forecast, this will heighten concerns about a Fed rate hike, and the Dow Jones will continue to fall.
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