On February 20, Jinshi data reported that Wall Street stocks softened moderately, possibly partly reflecting profit-taking after the S&P 500 index hit a record closing high yesterday. Overall trading activity has weakened as traders await the release of the minutes from the January Federal Reserve meeting. The minutes may further reveal the Interest Rate outlook. At that meeting, the Federal Reserve decided to keep the Interest Rate unchanged after three consecutive rate cuts.
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The minutes of the Fed meeting may further reveal the outlook for Intrerest Rate
On February 20, Jinshi data reported that Wall Street stocks softened moderately, possibly partly reflecting profit-taking after the S&P 500 index hit a record closing high yesterday. Overall trading activity has weakened as traders await the release of the minutes from the January Federal Reserve meeting. The minutes may further reveal the Interest Rate outlook. At that meeting, the Federal Reserve decided to keep the Interest Rate unchanged after three consecutive rate cuts.