Uncertainty surrounding the pace of the Fed’s rate hikes gives strength to the dollar. Oil falls – Markets in a minute

Wall Street mixed after Fed comments

US stock markets started this Monday’s session in negative territory, at a time when investors assimilate recent comments by Fed Governor Christopher Waller. The official pointed out that the monetary authority still has a long way to go before ending interest rate hikes.

After the retreat of inflation in October, in the United States, to 7.7%, the expectation that the pace of increases could be about to slow down increased, with stock markets being the main beneficiaries.

However, only the Dow Jones reversed and continues to add 0.11%, to 33,794.31 points. The S&P 500 lost 0.06% to 3,990.41 points and the technological Nasdaq Composite dropped 0.48% to 11,268.60 points.

Contributing to Nasdaq’s downfall are giants such as Tesla, Nvidia, Inter and Micron Technology.

On the other hand, Chinese companies listed in the US are heading towards the third consecutive day of gains, after US President Joe Biden and Chinese counterpart Xi Jinping agreed on the need to reduce tensions between the two largest economies. of the world. The two leaders are present in Bali, Indonesia, for the G20 summit, which starts this Tuesday.

Salman Ahmed, strategist at Fidelity International, considers that the markets are being guided too much by just one reading. “Inflation in the United States has slowed down but is not rising slowly. The Fed will need more data to reassess the final rate hike,” he said in statements to Bloomberg.