Wednesday, 12 October 2022

S&P 500 Seesaws After Hawkish Fed Minutes, Stock Market Fate Tied to Inflation Data

The Fed minutes from the September FOMC meeting showed that policymakers remain resolute on the need to make monetary policy more restrictive in order to bring inflation down to 2.0%.

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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...