In the New York stock market on the 17th, sell orders were placed on speculation that the Federal Reserve (Fed) would raise interest rates by the end of the year to curb inflation, and the Dow Jones Industrial Average briefly fell by more than 600 dollars compared to the previous day's closing price. Immediately before the Fed announced its outlook for policy interest rates, the Dow Jones Industrial Average had risen by about 170 points, but it began to decline after the announcement, and sell orders spread after Chairman Warsh's press conference.