Wall Street ends down after mostly negative week<blockquote>华尔街在经历了大部分负面的一周后收盘下跌</blockquote>
- Wall Street finished lower on Friday, weighed down by Big Tech as investors worried about the Omicron coronavirus variant and digested the Federal Reserve's decision to end its pandemic-era stimulus faster.All three main U.S. stock indexes ended with a decline for the week after the Fed on Wednesday signaled three quarter-percentage-point interest rate hikes by the end of 2022 to combat surging inflation.Nvidia dropped 2.1% and Alphabet lost 1.9%, both weighing on the S&P 500 and Nasdaq.The S
Powell expects inflation to fall closer to Fed's goal by end of next year<blockquote>鲍威尔预计明年年底通胀将更接近美联储目标</blockquote>
Economic growth and "rapid gains" in the employment picture are supporting the central bank's decision to accelerate the tapering of its asset purchase program, Federal Reserve Chair Jerome Powell said during his post-FOMC press conference.The recent increase in COVID and the emergence of the Omicron variant "poses risk to the outlook," he said.