Wednesday, 15 June 2022

S&P 500 and Nasdaq 100 Rally Despite Fed’s Hawkish Hike, but Will Gains Last

U.S. stocks rally after Fed Chairman Powell says he does not expect 75 basis points rate hikes to be commonplace during the ongoing tightening cycle.

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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...