Nasdaq 100 enters correction as Fed officials split on rate hike
Three US Federal Reserve officials voted for a rate rise, sending the Nasdaq 100 into correction territory.
The Nasdaq 100 index has entered correction status following disagreement among US Federal Reserve officials on interest rate policy. Three of the 12 Fed officials voted in favour of a rate increase, signalling ongoing divisions within the central bank over the appropriate path for monetary policy.
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NZ Herald
Nasdaq 100 enters correction as three Fed officials back rate hike
Three of 12 US Federal Reserve officials voted for a rate rise.