It had a great impact, breaking the expectations of the outside world. Powell made hawkish remarks, and the US stock market plunged, with the Dow down more than 1,.

With the signs of economic slowdown and easing price pressure in the United States, the expectation that the Federal Reserve may not be so active in raising interest rates, or may start to cut interest rates every other year has increased. But Powell's head-on cold water doused this expectation. Federal Reserve Chairman Powell delivered a speech at the annual meeting of global central banks, clearly stating that strong measures should be taken to raise interest rates by 3 yards to fight inflation.

The United States actively raised interest rates in 222. Powell's brief speech showed that the fight against inflation is still on the way, not over, and may even be at the expense of economic growth. After Powell's hawkish remarks, investors were very disappointed. They had hoped that inflation had peaked and the Fed would shift from raising interest rates to cutting interest rates at some point in 223. As a result, the market responded immediately, and the Dow dropped more than 1, points, the biggest one-day drop since May. This basically erased the gains of the stock market since the end of July. Technology stocks that soared in the early summer of 222 were particularly hit, with Amazon falling by more than 4%. ?

In fact, all this shows that the United States has panicked and continues to raise interest rates.

this is a wise move for the United States, but for other countries, the impact is not small. It can be said that this wave of operation in the United States is to let the world help the United States fight inflation. Raising interest rates means that the US dollar will strengthen, thus attracting more investors to favor the US dollar more. This means that the US dollar index will be raised, and then the US dollar will appreciate, so that the US dollar will be stronger in the international market and its purchasing power will be stronger. Then the United States can spend less dollars to get more resources, and it can further curb inflation. The simple understanding is that we don't want to get resources by printing money. If the United States prints money at this time, it will aggravate inflation.

why did us stocks plummet?

1. I think it's still because their valuations are too high, especially for technology stocks, which means there is a big bubble.

2. Money should be used to consume and stimulate the economy, not to enter the financial market.

However, China's technology stocks listed in the United States rose sharply before the audit agreement was reached between China and the United States.