NY Dow Jones Industrial Average drops over $ 590 at one point Fed wary of monetary tightening, etc.

The Dow Jones Industrial Average temporarily hit $ 590 in the New York stock market on the 10th of the week due to fears that the Fed, the central bank of the United States, will rush to tighten monetary policy and rising long-term interest rates. It was a big price drop that exceeded.

In the New York stock market on the 10th, sell orders swelled immediately after the start of the transaction, and the Dow Jones Industrial Average temporarily dropped by more than $ 590.

The Fed, the central bank of the United States, has become more cautious about rushing to tighten monetary policy to curb inflation, and US Treasuries have been sold in the New York bond market, with long-term interest rates temporarily set at 1.8. The background is that it has risen to the level of about two years after reaching the% level.

Market officials said, "There is a view that the economy will cool down if the Fed rushes to tighten monetary policy, and there is a sense of caution that long-term interest rates will rise at a rapid pace, so sell orders are expanding. I'm talking.