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.

from DailyFX – Market News https://bit.ly/3Ht9Q87
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AUD/USD Reverses Ahead of Yearly Low with Australia Employment on Tap

AUD/USD may stage a larger recovery over the coming days as the exchange rate appears to be reversing course ahead of the yearly low (0.6829).

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Fed Raises Rates by 75 Basis Points in Largest Hike Since 1994 in Effort to Crush Inflation

The Federal Reserve raised its benchmark interest rate by 75 basis points to 1.50-1.75%, the third hike in the ongoing tightening cycle aimed at cooling rising inflationary pressures.

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Swiss National Bank (SNB): Rare spectacle of SNB interest-rate decision has markets on edge

SNB interest-rate decision, from non-event to rare Spectacle

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Fed Day at DailyFX: Stocks in Focus as Fed Goes for 75 + QT + SEP

Fed day is here and markets are primed for a 75 basis point hike, along with assurances of more to go along with the start of QT. This is an unprecedented shift from the FOMC and markets are hangin…

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