The Fed meeting is approaching in the mountains of Wyoming and Wall Street is losing its color

Wall Street ended the first session of the week in the red, with significant declines among the country’s three major indices. Thus, the US stock market recorded one of the worst days in two months, after a sign of new hope in July, with the S&P 500 index posting its best start to the third quarter since 1932.

The Dow Jones Industrial Average fell 1.91% to 33,063.61 points, while the S&P 500 fell 2.14% to 4,137.99 points. The Nasdaq Technology Index fell 2.55% to 12,381.57 points.

The day was marked by parity between the dollar and the euro, as the single European currency once again hit its lowest level in 20 years, which happened on July 14, After this time it reached $0.9928.

Investors are looking to Jackson Hole, a small mountain village in Wyoming, where members of the US Federal Reserve will hold a monetary policy meeting and where the Chairman of the Authority is also scheduled to deliver. Monetary policy, Jerome Powell – where investors will try at all costs to understand The future of monetary policy of the central bank.

“he is [Jerome Powell] He might be trying to get the message across that even if there is a slower rise in interest rates, it won’t mean a lower peak or that interest rates will be reduced anytime soon,” Ed Moya, an analyst at Oanda, told Bloomberg. He adds that this could be the week back Many are on vacation and are doubling their bets on the rise of a “bear market”.