Fed Minutes Released: Interest Rate Cuts Delayed, US Markets Weaken, Dow Falls 200 Points
Zee Business Video Team | Updated: May 23, 2024 09:18 AM IST
American market closed with light profit booking, Dow weakened by 200 points. Fed released minutes. American market remained weak due to delay in cutting interest rates. Some Fed members expressed desire to increase interest rates if inflation does not reach the target of 2%. Rates should rise - Fed member 10-year bond yield rises 1 bps to 4.42% NVIDIA shares up 6%, Target shares down 8% Brent crude below $82, 1-week low
