Fed Indicates Possible Rate Hike in 2026, Kospi Hits 9,000
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowU.S. stock futures rose after the Federal Reserve hinted at a potential rate hike in 2026. S&P 500 futures increased by 0.83% and Nasdaq 100 futures by 1.32%. The Kospi index in South Korea hit 9,063.84, marking its first time above 9,000, while Japan's Nikkei 225 rose by 1.79%, surpassing 71,000. The Fed's median estimate for the year-end federal funds rate is now 3.8%, up from a previous 3.4%. In contrast, the Dow fell by 507.12 points, or 0.98%, after hitting an all-time intraday high earlier in the day.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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