The Fed minutes showed policymakers were split on the decision to stand pat last month after 10 straight increases, surprising some commentators and dealing a blow to hopes the bank was nearing the end of its tightening cycle. "The minutes also show that this bias for further hikes is fuelled by an overriding concern over elevated price pressures and a tight labour market." While growth remains healthy for now, the prospect of even more rate hikes has stoked worries that the Fed could tip the economy into recession, weighing on risk sentiment. All three main indexes on Wall Street ended in the red as investors returned from the Independence Day holiday. Traders are now keen to see figures on jobs vacancies, jobless claims and jobs creation, which are due on Thursday and Friday.

Source: Bangladesh Sangbad Sangstha July 06, 2023 04:15 UTC