Wednesday, 8 February 2023

S&P 500 Tumbles with the Fed Fuelling the Rate Hike Heat. Will Wall Street Recover?

The S&P has pulled back from last week’s 2023 peak as Federal Reserve tightening concerns continue to plague equity markets. If interest rates go higher for longer as promised, where does that leave Wall Street?

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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...