Changes in US stocks | Federal Reserve officials say again, the Philadelphia Semiconductor Index fell more than 5%, and the semiconductor sector collectively declined

The Zhitong Finance App learned that on Friday, the Philadelphia Semiconductor Index fell more than 5%, and the semiconductor sector collectively declined. American Ultra Micro (AMD.US) and Maywell Technology (MRVL.US) fell more than 8%, Broadcom (AVGO.US) fell more than 6%, Intel (INTC.US) and SK Hynix (SKHY.US) fell more than 5%, and Nvidia (NVDA.US) fell more than 3%.

According to the news, Boston Federal Reserve Chairman Collins hinted on Friday that monetary policy may be tightened to cool prices. In a speech centered on the housing market, Collins said that higher interest rates may limit the affordability of housing. But at the same time, she added that in the long run, ensuring price stability will benefit both the housing market and the overall economy. “In the short term, in order to cool down the economy and control inflation, sometimes higher interest rates are needed to make the cost of buying and building a house higher,” Collins said in his speech. “But in the long run, stable prices can create a predictable economic environment, which is beneficial to the housing market.”