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Wall Street fear of US rate hikes topples FTSE from all-time peak
Evening Standard
|February 17, 2023
A RECORD-BREAKING week for the FTSE 100 index today ended on a downbeat note amid growing concern that US interest rates will stay high for longer than expected.
London’s top flight, which last night set an all-time best close of 8012, fell 0.4% or 33.91 points to 7978.62 in response to Wall Street’s worst session in a month.
Technology stocks led the US selling yesterday as traders worried that more inflation-fighting rate hikes could tip the country’s economy into recession.
US rates are currently in a range of 4.5%-4.75%, but bets on the eventual peak were up to 5.29% by last night after stronger-than-expected producer price figures and hawkish comments by two Federal Reserve policymakers.
Diese Geschichte stammt aus der February 17, 2023-Ausgabe von Evening Standard.
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