Birja New York
On Friday, the New York Stock Exchange rates fell sharply following information that the Federal Reserve Fund could raise interest rates shortly.
Dow Jones indices reflecting the capitalization of the 30 largest American companies and SMIP, including 500 companies, have declined by more than 2 per cent. This is the most serious decline in the shares in two months after the British withdrawal referendum from the European Union.
The sceptics of investors were the statements made by the head of the Federal Reserve Bank of Boston, Eric Rosengren, who believed that conditions were ripe to increase credit interest in order to prevent the overheating of the economy. In the past, Rosengren was a strong supporter of a cheap credit strategy. A few hours earlier, the head of the European Central Bank, Mario Dragi, disappointed financial markets by refusing to reaffirm his commitment to further financial stimulus.
The American federal reserve system has maintained low, near zero credit rates for several years to stimulate the economy. This strategy has resulted in a record upturn in equity rates. It is expected that the rise in credit rates may have a negative impact on stock markets.