The New York Stock Exchange ended Wednesday on a rebound, somewhat reassured by the explanations of the American Central Bank (Fed) which appeared relatively confident in the effectiveness of its rate hikes in the face of inflation.
US central bank officials have said they are determined to bring inflation down sharply, and most of them estimated at their last meeting in early May that several more half-point rate hikes will be “probably necessary”.
According to preliminary results at the close, the Dow Jones index climbed 0.60% to 32,121.53 points. The tech-heavy Nasdaq climbed 1.51% to 11,434.74 points. The
