Wednesday, 22 June 2022

S&P 500 Falls on Recession Angst Following Powell’s Testimony, Bear Market Lives On

After trading higher for most of the day, the S&P 500 turns lower and notches a small loss, weighed down by fears that the Fed may spark a recession in the process to tame inflation.

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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...