US mixed premarket after Fed meeting

Thursday, 27. January 2022 10:35

Major stock indexes in the United States were muted in premarket trade on Thursday following the Federal Reserve's monetary policy statement. Fed Chair Jerome Powell confirmed the bank intends to raise interest rates in March while noting the rising inflation is currently spread across more sectors compared to the previous period. He also warned about the risks of increased supply chain disruptions, the Ukraine crisis, and the developments in the COVID-19 pandemic.

The Dow Jones decreased by 0.11% at 4:33 am ET, while the Nasdaq 100 added 0.06%, and the S&P 500 dropped 0.14% at the same time.

The euro traded 0.37% lower compared to the dollar and sold for 1.11984 at 4:34 am ET.

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Author:
Baha Breaking News (BBN) / DJ