U.S. stocks suffered record drop since June 2020
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Following the results of yesterday’s stock trading in the US, the leading indices experienced a record drop since June 2020. The Dow Jones lost 3.94%, the NASDAQ lost 5.16% and the S&P 500 lost 4.32%.
To the sale on the stock exchanges led yesterday publication data on August inflation in the US, which, although somewhat slowed down, was higher than expected. Investors were disappointed that the measures taken by the US Federal Reserve are not enough to curb inflation.
“This (August inflation data.— “b”) took the market by surprise,” Quincy Crosby, chief analyst at LPL Financial, said on CNBC. But everything turned out to be wrong. And, of course, that translates into what that dynamic will mean for the Fed.”
The next Fed meeting is scheduled for September 20-21, and many experts expectthat the regulator will once again go for a significant increase in rates by 0.75% due to ongoing inflationary pressure.
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