Wednesday, 2 March 2022

Dow Jones Soars as Wall Street Takes Solace in Powell’s Remarks. Now What?

Dow Jones gains after Powell says he favors a 25bp rate hike for the March meeting rather than a 50bp adjustment and indicates the Fed will proceed cautiously amid elevated geopolitical risks.

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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...