Todays economic news update

Real Estate Agent with Keller Williams Capital Partners Realty 277320

The Federal Reserve decided to maintain their Fed Funds rate in a range of 5.00% to 5.25%, but they are still laser-focused on inflation, which remains stubbornly high. The Dow Jones Industrial Average had a negative reaction to today’s news and dropped by 232.79 points by the end of the day. At the close of trading, 8 of the 11 sectors in the S&P 500 were lower, but the index was higher by 3.58 points or 0.08%. There was significant selling in bonds as yields dropped to 4.68% on the 2-year and 3.79% on the 10-year treasuries. The U.S. Dollar was also lower on the day along with oil, which was down 1.04% to 68.71 per barrel.

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Comments (2)

John Pusa
Glendale, CA

Hello Joe Jackson very valuable helpful report for todays economic new update.

Jun 14, 2023 04:58 PM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great post!  Thanks for sharing and enjoy your day!

Jun 15, 2023 06:31 AM