The U.S. stock market's memory chip sector surged, with SanDisk (SNDK.O) up by 2.6%. Micron Technology (MU.O) increased by over 1%, while Seagate Technology (STX.O) narrowed its decline to 0.5%. Western Digital (WDC.O) and SK Hynix (SKHY.O) also saw their losses narrow to 1%.
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U.S. Stock Market Sees Gains in Memory Chip Sector, SanDisk (SNDK.O) Rises 2.6%
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Fed's Musalem: Further Tightening of Monetary Policy Needed to Bring Inflation Back to Target; Rates Should Be Raised in Next 6 to 9 Months
On October 9, Fed's Musalem stated that further tightening of monetary policy is necessary to bring inflation back to target, and interest rates should be raised in the next 6 to 9 months. The economy is currently quite strong, and the best thing the Fed can do is to lower inflation; market inflation expectations remain stable, and there has been no indication of a loss of credibility for the Fed. -
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Moscow Exchange to Launch Cryptocurrency Trading Services on December 1
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