{"id":86157,"date":"2023-07-05T23:05:48","date_gmt":"2023-07-05T19:05:48","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=86157"},"modified":"2023-07-05T23:07:42","modified_gmt":"2023-07-05T19:07:42","slug":"wall-street-slip-amid-china-woes-fed-minutes","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/wall-street-slip-amid-china-woes-fed-minutes\/07\/05\/market-updates\/","title":{"rendered":"Wall Street slips amid China woes post FOMC minutes"},"content":{"rendered":"\n<p>US stocks edged lower as traders return from the Independence Day holiday to monitor headwinds for the global economy and after the release of Fed\u2019s minutes for June monetary policy meeting.<br><br>The S&amp;P 500 was down 0.1%, while the Dow Jones Industrial Average slipped by around 0.3% or about 100 points. The tech-heavy Nasdaq Composite fell 0.1%. A surprisingly sharp fall in Chinese services activity stoked concerns about the health of the world&#8217;s second-biggest economy, against a backdrop of building tensions in the US-China trade war.<br><br>FOMC minutes showed some Fed officials favoured a rate hike but decided on a pause. During the same policy meeting, the minutes showed almost all officials believed it would be \u201cappropriate or acceptable\u201d to leave rates unchanged at 5.00% to 5.25%. Still, almost all officials \u201cjudged that additional increases in the target federal funds rate during 2023 would be appropriate\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US stocks edged lower as traders return from the Independence Day holiday to monitor headwinds for the global economy and after the release of Fed\u2019s minutes for June monetary policy meeting.The S&amp;P 500 was down 0.1%, while the Dow Jones Industrial Average slipped by around 0.3% or about 100 points. The tech-heavy Nasdaq Composite fell &hellip;<\/p>\n","protected":false},"author":13,"featured_media":61273,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[7770,8143,6862],"class_list":["post-86157","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-fomc-minutes","tag-interest-rate-hikes","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/86157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=86157"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/86157\/revisions"}],"predecessor-version":[{"id":86169,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/86157\/revisions\/86169"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61273"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=86157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=86157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=86157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}