Wall Street closed lower thanks to the hawkish Fed

News of the day, Thursday, June 23

European stock futures slid today, with DAX futures down 0.3%, CAC 40 futures lower by 0.3%, and FTSE 100 futures by the same 0.3%.

The U.S. dollar edged higher today, with the Dollar index up 0.4%, EUR/USD down 0.2%, and GBP/USD down 0.4%.

Oil prices fell today with WTI crude down 1.3% and Brent crude down 1.2%.

Wall Street’s indexes ended with losses yesterday, as Jerome Powell said the Fed is “strongly committed” to fighting inflation. Dow Jones fell 0.15% and Nasdaq dropped 0.13%.

Key quotes for today:       
Brent — $109.75   
WTI — $104.20
GBP/USD — 1.2194   
EUR/USD — 1.0502  
XAU/USD — $1833.60

Author: GC
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