Blogs

Fear takes over WallStreet

The main indices, Dow Jones and S&P500 go into annual losses The North American markets are living their particular “red October”. The S&P500 has perforated, for the moment in the absence of confirmation in monthly closing prices, the support of 2700 points. On this level, its 200-day moving average currently passes, a technical reference that, should it be crossed to the downside, could be anticipating the start of a new corrective stretch on a large scale.

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FED increase interest rates

The new range is between 2% and 2.25%. The Federal Reserve (Fed) of the United States approved on Wednesday a new increase of 0.25% of interest rates. As a result of this increase, the rates will be in a range between 2% and 2.25%. It is the first time in more than a decade that they exceed 2%. It should be noted that this is the third increase of the year and of the eighth since the former president of the Fed, Janet Yellen, decided to put an end to the period of “types 0”.

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