Wall Street starts with rate reductions in the new trading week

FXStreet – After the long weekend, the dealer returned to their jobs back, and the US stock markets started on Tuesday with Declines in the trading week. Load factors were mixed US economic data and a weak Performance of the commodity markets.

Although the consumer spending in the United States, the largest increase since February, the PCE price index, the preferred Inflationsmaß of the Federal Reserve, below the target value of 2 percent. Nevertheless, remained the probabilities of a rate hike in June is in the vicinity of the 90-percent mark, as the CME Group FedWatch Tool.

The Dow Jones Industrial Average Index have lost almost 41 points and listed on 21.039,30 points. For the broader S&P 500 Index went up 2.75 points to EUR 2,411 counter below. The Nasdaq Composite slipped 4 points to 6.206,19 counter.

** FXStreet News Editorial, FXStreet**

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