Wednesday, 26 January 2022

S&P 500 Falls as Fed Fails to Rule Out Steep Hiking Path, Growth & Tech Stocks at Risk

The S&P 500 erases gains and posts small losses after Powell admits there is plenty of room to raise borrowing costs and fails to rule out hiking rates at every meeting after liftoff starts.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...