Thursday, 9 June 2022

S&P 500 Sinks on Fears Upcoming Inflation Report Will Force Tougher Fed Tightening

US stocks slump Thursday as traders cut risk exposure and run for the exits on fears that the May US inflation report will cause the market to price in a more aggressive Fed tightening cycle.

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

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