Aggressive interest rate hike by the Federal Reserve led to a sharp decline in US stocks in the second quarter, and the net assets of American households decreased by 6.1 trillion US dollars.

　　On May 31, 2022, local time, the three major US stock indexes collectively closed down. (data map)

　　Overseas Network September 10th According to a report by Bloomberg on the 10th, the US stock market plummeted in the second quarter due to the aggressive interest rate hike strategy adopted by the Federal Reserve to curb rapid inflation, and the net assets of American households recorded the biggest decline in the quarter.

　　According to a report released by the Federal Reserve on the 9th, the net assets of American households decreased by 6.1 trillion dollars (about 42.3 trillion yuan) in the second quarter, a decrease of 4.1% after a decrease of about 147 billion dollars (about 1,018.2 billion yuan) in the first quarter. The continuous decline has reduced the total net worth of American households to 143.8 trillion US dollars (about 996.03 trillion yuan), the lowest level in a year.

　　As inflation worsened, gasoline prices soared to a record high, and the Federal Reserve continued to implement the largest rate hike policy in history, American people’s worries about the economic recession doubled during the second quarter. This led to the S&P 500 index falling more than 16% in the second quarter. (Overseas network Hou Xingchuan)