In the New York stock market on the 27th, buy orders swelled from the observation that the pace of monetary tightening will slow down due to the statement of Fed Chairman Powell of the Federal Reserve Board, which is the central bank of the United States, and the Dow Jones Industrial Average has risen by more than $ 400 have become.
In the New York stock market on the 27th, attention was focused on the Fed's significant rate hike.
It is expected that the pace of rate hikes will slow down in the future after Chair Powell said at a press conference held after the decision that the rate hike will be decided by looking at data such as future prices at the next September meeting. It spread and buy orders swelled.
The Dow Jones Industrial Average temporarily rose sharply to over $ 500, closing at $ 32,197.59, up $ 436,5 from the previous day.
The Nasdaq stock index, which has many IT-related stocks, also rose 4%, the highest rate of increase.
On the other hand, in the New York foreign exchange market, the yen's exchange rate temporarily rose to the low 136 yen level per dollar as the caution against widening interest rate differentials between Japan and the United States eased.
"The fact that Chairman Powell said that the current state of the US economy was not a recession was a relief, and buy orders swelled," said a market source.