The Dow Jones, S&P 500 and Nasdaq 100 plunged after the Fed rate decision, Powell’s press conference, and another troubled regional bank, PacWest, deteriorated sentiment. Where to?
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Etiqueta: DailyFX – Market News
Fed Raises Rates by Quarter Point, Signals Pause in Hiking Cycle
The Federal Reserve raised interest rates by 25 basis points to 5.0%-5.25% at the end of its May policy meeting, dropping language that it anticipates additional policy firming.
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Oil Prices in Tailspin as Economic Risks Darken Demand Outlook, Bears in Control
Oil prices extend losses from the previous session and fall to their lowest level since late March, dragged lower by growing economic headwinds, including the possibility of a U.S. recession.
from DailyFX – Market News https://bit.ly/3LxtO3K
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USD Breaking News: Uneventful ISM Services Beat Heightens FOMC Expectancy
The USD slid after the ISM services report exposed a large decline in the employment reading, setting the stage for the FOMC announcement later today.
from DailyFX – Market News https://bit.ly/42k39hL
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Sterling Update: GBP Takes Back Seat Ahead of Fed, ECB Meetings
The pound has held up nicely against the dollar but has lost ground against the euro. This week is all about the Fed and ECB which will be the driving forces behind FX
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Educ Arte Económico 