It was the worst day of the Wall Street stock market this year

According to the report of the correspondent of the International Economy of Fars News Agency, citing Reuters, last night the Wall Street Stock Exchange experienced its worst trading session in 2023 and its main indicators turned negative.

The reason for the decline of the Wall Street stock market is that the market participants believe that the Central Bank of America will keep interest rates high for a longer period of time and will even continue to raise interest rates in order to control inflation in the United States.

In last night’s trading, for the third trading day, the S&P500 and Nasdaq indices of the American stock market turned negative, and the Dow Jones industrial index lost all its positive growth in 2023.

Inflation in America is still far from the target of the central bank of this country and this means that this bank will raise the interest rate with the aim of lowering inflation.

Carol Schleiff, senior investment expert at BMO Family Institute, says: Today, the view is that the US central bank is serious about keeping the dollar interest rate high for a longer period of time, and in fact, the interest rate will go higher and stay high for a longer period of time.

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