Wednesday, 16 March 2022

S&P 500, Nasdaq 100, Dow Blast Higher as Market Bets Fed Will Engineer Soft Landing

U.S. stocks rise sharply again Wednesday on bets that the Fed's monetary policy outlook is well calibrated and strikes the right balance to control inflation without triggering a recession.

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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...