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BUSINESS AWAAZ

Wall Street close lower amid worries that Federal Reserve’s campaign to rein in decades-high inflation

5 April 2023 11:47 PM

Last Updated on April 5, 2023 11:47 pm by INDIAN AWAAZ

AMN/ WEB DESK

Wall Street close lower yesterday amid worries that the Federal Reserve’s campaign to rein in decades-high inflation may cause a deep downturn. In the US, the number of job openings has decreased, which makes people worry that hiring is going too slow, and that will be bad for the economy.

The Dow Jones Industrial Average and the S&P 500, both declined 0.6 per cent each. The Nasdaq Composite index fell half a per cent. 

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RBI Governor Shaktikanta Das to announce decisions of Monetary Policy Committee meeting tomorrow
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