The three main indices of wall street closed sharply lower on Tuesday, amid fears of loss of consumer confidence in the US economy, a day before the Federal Reserve raise your interest rates again.
At the closing bell, the main index dow jones lost -0.72%; the technological nasdaq-1.87%, and the S&P 500of the largest companies on the stock market, -1.16 percent.
Consumer confidence in the US economy fell again in July for the third consecutive month, due to persistent fears of a recession, according to the Conference Board index released on Tuesday.
The monetary committee of the US Federal Reserve began its regular monetary policy meeting on Tuesday, from which the fourth consecutive rise in interest rates is expected in the face of unrelenting inflation.
Analysts expect the Fed to announce a new rate hike, with an eye toward cooling the economy to contain inflation while also trying to avoid a recession, a delicate balancing act.
Interest rates currently remain between 1.50% and 1.75% after two years of practically zero rates.
The central bank must try to ensure that a slowdown in economic activity is not too strong, so as not to hit the labor market, which is currently very strong.
