Wednesday, February 1, 2023

Fed Quick Analysis: Powell wins this battle against markets, triggers last US Dollar rise

  
Asian Session
HOT STORY
Fed Quick Analysis: Powell wins this battle against markets, triggers last US Dollar rise
 
A hawkish downshift – the United States Federal Reserve has raised rates by 25 bps, lower than 50 in December 2022 and 75 beforehand. However, it is pushing back against declaring victory against inflation. Moreover, Fed Chair Jerome Powell does not like market pricing of rate cuts in 2023. 

The US Federal Reserve refuses to declare victory on inflation just yet

MORE STORIES
Gold: Buyers looking for a reason to add longs
Fed remains hawkish with 25 bps hike, how will Bitcoin price react?

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